Prakash Industries has jumped sharply up on Thursday on news of Rakesh Jhunjhunwala buying a stake in the company, estimated to be nearly 10 lakh shares purchased in the open market. The news has not been formally reported to the BSE/NSE as of end Thursday, but was reported by the Economic Times. 

A confirmed bulk deal transaction (based on data available with exchanges) was one made on Monday by Rekha Jhunjhunwala, Rekha added a 0.9% stake in Fortis Healthcare to her portfolio for an estimated Rs 60 crores. 

Prakash Industries was among the 331 "shell companies" against whom SEBI had initiated action - Prakash Industries had protested the action, pointing out its revenues and asking for a review of the classification.