PRAKASH WOOLLEN & SYNTHETICS MILLS

PRAKASH WOOLLEN & SYNTHETICS MILLS (531437) (25.10) (Face Value Re.10)

Prakash Woollen & Synthetic Mills Limited produces and sells blankets and bed covers in India. It provides 2-ply mink, baby, fleece, mink, plain and embossed mink, and soft blankets; and comforters and comforter sets. The company was formerly known as Prakash Woollen Mills Limited and changed its name to Prakash Woollen & Synthetic Mills Limited in July 2015. Prakash Woollen & Synthetic Mills Limited was founded in 1973 and is headquartered in Moradabad, India. It has an equity base of Rs.10.26crore. Promoters hold 62.88% stake in the company. It has recorded net sales of Rs.38crore and net profit of Rs.0.85crore in H1FY16. It’s 52 week high rate is Rs.48 & low rate is Rs.18.55. Something is looking in this stock & some punters are active in this stock. Therefor risky Investors can buy this stock keeping strict stop loss of Rs.22. On the upper side stock will zoom up to its Rs.32---35 levels shortly…

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