Prakash Industries Ltd - Heading towards Double Century

Prakash Industries Ltd is engaged in the production of ferro steel and generation of power. Growth in net profit with a decent profit margin shows its bright prospects. Stock is now at its 52week high and recovered very well from its 52week low. It's has broken it's multiyear resistance trend line. Eventhough the higher promoter pledging percentage is a great concern , they are reducing it and increasing holdings compared to last quarter. 200 levels are not so far.

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