Prakash Industries - Results Outlook and Demerger

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%.
Day trades hit target as Tview posts it after 15 mins! Get trades instantly and discuss them with me at Slack Channel @

For BankNIFTY community, Visit:

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
@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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out