Published on 12/10/2017 12:04:44 PM | Source: Dion Global Solutions Ltd

Prakash Ind jumps 6% on securing coal linkage

Posted in Stock On The Move | #Mining Sector #Stock On The Move #Coal #Prakash Industries Ltd


Shares of Prakash Industries rallied nearly 6 per cent on the Bombay Stock Exchange after the company said that it has secured additional coal linkages of 2.10 lakh tonnes per annum for the next 5 years. Following the announcement, shares of the company gained as much as 5.63 per cent to trade at intra-day high of Rs 138.80 apiece on the Bombay Stock Exchange. 

In a similar fashion, shares of the company were trading 3.87 per cent higher at Rs 136.85 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,967.47, up 133.48 points, or 0.42 per cent, at 11:05 hours.