India's Prakash Pipes up after investor Mukul Agarwal buys stake

Prakash Pipes

04/01/2024 05:56

** Shares of Prakash Pipes  PRAS.NS  rise as much as 4.52%
to 412 rupees apiece
    ** High net worth investor Mukul Agarwal bought stake in
pipe manufacturer in December quarter
    ** Data from National Stock Exchange shows Agarwal as a
public shareholder in PRAS with 600,000 shares, equivalent to
2.51% stake
    ** Mukul Agarwal held stocks in 55 companies with a net
worth of about 50 billion rupees, as of Dec. 31, 2023
    ** Trading volume is 182,733 shares as of 11:20 a.m. IST,
1.1x the 30-day avg - LSEG data
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))