Mining and power company Prakash Industries has fixed Wednesday, September 17 as the record day to determine the eligible investors for its Rs 1.50 per share dividend for the financial year 2024-25. The multibagger stock which is part of the portfolios of ace investors Dolly Khanna and Mukul Agrawal, has delivered 255% returns in the past five years.

The over-four decade old company’s core competence lies in areas of mining, steel and power.

Prakash Industries is a smallcap stock with a market capitalisation of Rs 2,863.52 crore on the BSE. The stock has underperformed over a 1-year period, seeing its price tank by 24%. Its shares are currently trading below the 50-day and 200-day simple moving averages (SMAs) of Rs 167 and Rs 163.5, respectively.

The price erosion has come on the back of high volatility with its 1-year beta hovering around Rs 1.4 according to Trendlyne.

Momentum indicators RSI and MFI are in the medium range of 44 and 57, respectively. A number above 70 is considered to be overbought while below 30 is seen as oversold

Khanna held 2.27% equity representing over 40.56 lakh equity shares in the company as on June 30, 2025 while Agrawal’s equity stood at 1.72%, representing 30.83 lakh shares.Company’s shares today ended at Rs 159.90, falling by Rs 0.55 or 0.34% over the Monday closing price.The company reported total standalone revenue of Rs 1,043 crore in the June ended quarter which was down 11% against Rs 1,173.1 crore in the year ago period. The net profit in the said quarter stood at Rs 91.4 crore, up 1% versus Rs 90.5 crore in the corresponding quarter of the last financial year.

The operating profit was reported at Rs 138 crore in Q1FY25 versus Rs 132 crore in the year ago period.

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