Re-enter Prakash Ind (BSE: 506022) at 117. Target 156. SL 99. 3 months.
Earlier we had recommended Prakash Ind at 117 for a target of 156 with a SL of 99. Stock had rallied to 145 and had gapped down due to Shell news issues.
We remain positive on the stock. Stock has also given a nice breakout above 115 on technical charts.