{"id":143124,"date":"2025-01-21T14:17:16","date_gmt":"2025-01-21T08:47:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=143124"},"modified":"2025-01-21T14:17:18","modified_gmt":"2025-01-21T08:47:18","slug":"mukul-agrawal-stock-in-focus-after-receiving-permission-for-coal-mining-in-chhattisgarh","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mukul-agrawal-stock-in-focus-after-receiving-permission-for-coal-mining-in-chhattisgarh\/","title":{"rendered":"Mukul Agrawal stock in focus after receiving permission for coal mining in Chhattisgarh"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2762949525\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This Ace Investor Dolly Khanna and Mukul Agrawal stock which deals in the business of Steel Products manufacturing and sale and Power generation is in focus after the company received permission for Coal Mining in Chhattisgarh.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1383168010\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Movement&nbsp;<\/strong><\/h2><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/PPL\" target=\"_blank\" rel=\"noreferrer noopener\">Prakash Pipes Limited<\/a><\/strong>&#8216;s stock in Tuesday\u2019s session was trading at Rs. 170.65 per share down by 1.95 percent from the previous closing price of Rs. 174.05. The stock has delivered a negative return of around 6 percent in the past year and has underperformed the Nifty Index in the same period.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Ace Investor Stake&nbsp;<\/strong><\/h2><p>As of the December 2024 quarter, Ace Investor Dolly Khanna is invested and holds around 1.28 percent stake increased from 1.17 percent in the September 2024 quarter. Another Ace Investor Mukul Mahavir Agrawal is invested in the company by holding around 1.4 percent stake and being consistent in stake.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>The company received the required permissions to enter into the Bhaskarpara Coal Mine from the Collector Office (Mining Branch) in the district of Surajpur in the state of Chhattisgarh for Coal Mining. The company will start mining operations immediately and expect the coal extraction at the start of the upcoming month. The coal supply aids the integrated steel plant operations which can result in improving efficiency and cost reductions. Prakash Industries can sell coal in the market as it is a commercial mine and can result in higher profitability.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2772170921\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Business Segments&nbsp;<\/strong><\/h2><p>As per the recent December 2024 results, the company recognizes its revenue from operations from Iron and Steel.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance&nbsp;<\/strong><\/h2><p>Their Q2FY25 results show revenue from operations of Rs. 1,077 crore which increased by 21.14 percent year on year, from Rs. 889 crore in Q2FY24 and a 7.71 percent decline from Rs. 1,167 crore in Q1FY25. Their net profit increased by 1.12 percent year on year, from Rs. 89 crores in Q2FY24 to Rs. 90 crores in Q2FY25. Quarterly, the profits remained flat quarter on quarter.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company&nbsp;<\/strong><\/h2><p>Prakash Industries Limited was established in 1980. It is a leading integrated steel and power company in India that specializes in manufacturing sponge iron, steel products, and renewable energy generation.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Santhosh S&nbsp;<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3708670221\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This Ace Investor Dolly Khanna and Mukul Agrawal stock which deals in the business of Steel Products manufacturing and sale and Power generation is in focus after the company received permission for Coal Mining in Chhattisgarh.&nbsp; Price Movement&nbsp; Prakash Pipes Limited&#8216;s stock in Tuesday\u2019s session was trading at Rs. 170.65 per share down by 1.95 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5949,25018,13289,25017,5638,13288,948,936,3157],"class_list":["post-143124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mukul-agrawal-stock","tag-prakash-pipes","tag-prakash-pipes-latest-news","tag-prakash-pipes-limited","tag-prakash-pipes-ltd","tag-prakash-pipes-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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