Praj Industries Limited up by 7.05 percent | Espresso Market Updates

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Espresso Shot of the Day - Praj Industries Ltd up by 7.05 percent

October 06, 2022
Espresso Shot of the Day - Praj Industries Ltd up by 7.05 percent

PRAJ INDUSTRIES LTD 443.55 (+7.05%) BSE – INE074A01025| 6th October 2022

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Praj is a leading process solutions company with expertise in integrated offerings for bioenergy, high purity water solutions and engineering led businesses namely zero liquid discharge solutions, critical process equipment & systems and brewery plants. Sustainability is at the core of Praj's solutions driven which is ably supported by its state-of-the-art R&D Centre - Matrix and manufacturing facilities. Over three decades, Praj has been a trusted partner with 1000+ references in over 100+ countries across all 5 continents. Led by an able leadership, Praj is a socially responsible corporate citizen. Headquartered in India, Praj is listed on BSE and NSE.


Recent Drivers

  • On October 6,2022 Shares of Praj Industries climbed to a record high, on the back of heavy volumes and hopes of strong order inflow in the coming quarters. Analysts believe that the company sounded positive about the strong order inflows in the coming quarters, given government's target to achieve 20 per cent ethanol blending by 2025.
  • On September 27,2022, Praj Industries allotted 34000 equity shares under ESOP on 26 September 2022.
  • On August 6,2022, Praj Industries reported a net profit of Rs.41.26 crores in June 2022, up 85.77% from the Rs. 22.21 crores reported in June 2021.
  • On August 6,2022, Praj Industries reported a net sale of Rs.729.87 crores in June 2022, up 88.96% from the Rs. 386.26 crores reported in June 2021.
  • The company recommended a total dividend of4.20/- per equity share for FY 2021-22 on May 25,2022, subject to the approval of the shareholders. The record date for the same is July 27,2022.

(Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE 500 month till date gain by 1.50%.
  • 3 months avg. NSE volume: 903,079.
  • Quantity traded: 2,99,300| Deliverable quantity: 67,582 (22.58%).
  • Stock price jumped by more than 50 % from a one-year low level: 289.05 (May 26, 2022)
  • Daily RSI (14) is near oversold territory today.
  • 52-week-high: 453.65| 52-week-low: 289.05.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

754.60

580.80

457.85

284.05

161.10

-

-

-

Fibonacci Pivot

580.80

467.44

397.41

352.30

284.05

215.80

170.69

100.66

-


Today’s Close

443.55

SMA

BSE

10 DAY

408.94

20 DAY

409.76

50 DAY

399.85

200 DAY

377.02


Some Key Ratios (Source: BSE)

Market Cap:  8,146.82 Crores

PE:  41.48

OPM%: 8.94

ROE%:  20.24

Promoters holding%: 32.83

Prev. Close:  414.35


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.