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Praj Industries Gains 5%; BSE CAPITAL GOODS Index Down 0.1%
Mon, 19 Aug 14:2

Praj Industries Gains 5%; BSE CAPITAL GOODS Index Down 0.1%Image source: Chunumunu/www.istockphoto.com

Praj Industries share price has zoomed 5% and is presently trading at Rs 748.8.

Meanwhile, the BSE CAPITAL GOODS index is at 72,745.0 (down 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (up 2.5%) and Honeywell Automation (up 1.3%).

V GUARD IND. (down 7.4%) and Finolex Cables (down 2.0%) are among the top losers today.

Over the last one year, Praj Industries has moved up from Rs 472.5 to Rs 748.8, registering a gain of Rs 276.3 (up 58.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 72,745.0, registering a gain of 67.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 189.2%), HINDUSTAN AERO. (up 146.9%) and Bharat Electronics (up 131.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,418.0 .

The top losers among the BSE Sensex today are M&M (down 2.0%) and Axis Bank (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,569.5 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,418.0, registering a gain of 15,016.1 points (up 23.0%).

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 44.6.


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