Prakash Constrowell : Approves Rights Issue Of Equity Shares, Up By Nearly 5%

Construction player Prakash Constrowell is trading in positive territory gaining nearly 1% on BSE at Rs 4.11 per share on Wednesday’s intraday trade. The board of directors of the company has approved issue of shares through rights issue of equity shares aggregating to not more than Rs 48.50 crore.

The stock has attracted a traded volume of 83048 shares and a traded value of Rs 3.46 lakhs in the first half of Wednesday’s intraday trade on NSE. As per market observers, the stock is trading at 0.43 times of its book value.

On yearly basis, the stock underperformed BSE Smallcap index. Prakash Costrowell is a construction company engaged in the business of construction for government and semi-government authorities such as buildings, bridges, airports, hospitals etc. 

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