Amit_Ghosh
Long

Prakash Industries - Results Outlook and Demerger

NSE:PRAKASH   PRAKASH INDUSTRIES
Prakash Inds Q1 (YoY)
Revenues up 51% at Rs 985 cr vs Rs 650 cr
Net profit up 186% at Rs 169 cr vs Rs 59 cr
EBITDA up 571% at Rs 239.7 cr vs Rs 35.7 cr
Margins at 24.3% vs 5.5%

Company says
In process of Demerging its PVC Pipes & Fittings business
Flexible Packaging plant has been successfully commissioned
Highest ever quarterly sales volume of around 2.4 lac tonnes in Q1
Comment: Prakash industries will be volatile today due to results. May fall but it has a high chance of going up.
Comment: People are fearing of demerger. That's why 5% allocation instead of usual 10%.
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Y Indian market sell off stocks after giving superb results ... I had bought at 200 and support for the stocks to hold or can I buy new shares today
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@thoermal, Midcaps are dominated by retailers. Retailers are the dumb category like me. Remember Sintex? It fell because of the demerger. The usual idea is - If demerger happens then just blind buy. Retailers bought and got screwed because they didn't check that what was getting demerged haha. Same with Talwalkers.

So, as per psychological induction - Sintex and Talwalker fell; This will and should too. But they are not seeing Prakash is a commodity stock unlike them which is definitely will mean revert in its worst armageddon.
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