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Praj Industries Gains 8%; BSE CAPITAL GOODS Index Up 0.5%
Fri, 30 Aug 9:14

Praj Industries Gains 8%; BSE CAPITAL GOODS Index Up 0.5%Image source: peterschreiber.media/www.istockphoto.com

Praj Industries share price has zoomed 8% and is presently trading at Rs 778.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,184.0 (up 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are SKF India (up 2.8%) and Graphite India (up 1.1%).

Lakshmi Machine (down 1.3%) and GRINDWELL NORTON (down 0.7%) are among the top losers today.

Over the last one year, Praj Industries has moved up from Rs 475.6 to Rs 778.0, registering a gain of Rs 302.4 (up 63.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,593.2 to 73,184.0, registering a gain of 64.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 166.5%), HINDUSTAN AERO. (up 135.4%) and Bharat Electronics (up 120.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 82,648.3 (up 0.6%).

The top gainers among the BSE Sensex today are ICICI Bank (up 1.4%) and HDFC Bank (up 1.3%). The most traded stocks in the BSE Sensex are {sensextoptrade2}.

In the meantime, NSE Nifty is at 25,249.7 (up 0.4%). HDFC Bank and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 82,648.3, registering a gain of 17,651.7 points (up 27.2%).

Praj Industries Financial Update...

Praj Industries net profit grew 43.5% YoY to Rs 842 million for the quarter ended June 2024, compared to a profit of Rs 587 million a year ago. Net sales declined 5.1% to Rs 6,991 million during the period as against Rs 7,367 million in April-June 2023.

For the year ended March 2024, Praj Industries reported 18.2% increase in net profit to Rs 2,834 million compared to net profit of Rs 2,398 million during FY23. Revenue of the company fell 5.3% to Rs 33,914 million during FY24.

The current Price to earnings ratio of Praj Industries, based on rolling 12 month earnings, stands at 46.3.


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