Prakash Industries to consider preferential issue on May 28, 2009

Prakash Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 28, 2009, inter alia, to consider Audited Financial Results for the year ended March 31, 2009 and to decide issue of equity linked instruments of the Company on preferential basis to the investors.

The stock was trading at Rs.96, up by Rs.6.95 or 7.80%. The stock hit an intraday high of Rs.98 and low of Rs.87.50.

The total traded quantity was 216367 compared to 2 week average of 240786.

Source : Equity Bulls

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