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Praj Industries Plunges 5%; BSE CAPITAL GOODS Index Down 0.6%
Wed, 14 Aug 15:33

Praj Industries Plunges 5%; BSE CAPITAL GOODS Index Down 0.6%Image source: ThinkNeo/www.istockphoto.com

Praj Industries share price has plunged 5% and is presently trading at Rs 700.3.

Meanwhile, the BSE CAPITAL GOODS index is at 71,532.3 (down 0.6%).

Among the top losers in the BSE CAPITAL GOODS index today are TIMKEN INDIA (down 3.4%) and GMR Infra (down 2.0%).

Finolex Cables (up 3.0%) and ABB (up 2.7%) are among the top gainers today.

Over the last one year, Praj Industries has moved up from Rs 472.5 to Rs 700.3, registering a gain of Rs 227.8 (up 48.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 71,532.3, registering a gain of 65.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 184.6%), HINDUSTAN AERO. (up 140.2%) and Bharat Electronics (up 125.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,138.9 (up 0.2%).

The top gainers among the BSE Sensex today are TCS (up 2.4%) and HCl Tech. (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,144.5 . TCS and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,138.9, registering a gain of 13,737.0 points (up 21.0%).

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 41.7.


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