Espresso Shot of the Day - Praj Industries Ltd up by 4.69 percent

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Espresso Shot of the Day - Praj Industries Ltd up by 4.69 percent

March 31, 2022
Espresso Shot of the Day - Praj Industries Ltd up by 4.69 percent

PRAJ INDUSTRIES LTD 398.25  (+4.69%) BSE – INE074A01025 | 31STMARCH 2022


The backbone of Praj’s technology development is Praj Matrix, the Innovation Centre. In addition to supporting existing businesses, Praj Matrix is engaged in the development of a range of renewable fuels and chemicals. The 2nd generation ethanol technology is developed in-house at Praj Matrix. Praj’s solutions are ably supported by world-class manufacturing facilities located in India - in Pune, Kandla (Gujarat) and Wada, near Mumbai. All the facilities are accredited with ASME U and H stamps and ISO 9001-2008 certification. Equipment engineering and fabrication are in accordance with international standards and codes. Praj employs around 1200 professionals in India and overseas from various engineering and other disciplines. With a slew of new initiatives, Praj aspires to be a major player in the environment, energy and agri processing led applications providing innovative, integrated solutions including plant, equipment and products that will enhance the quality of life.


Recent Drivers

  • On Mar 22, 2022, Dr. Pramod Chaudhari- Founder & Executive Chairman of Praj Industries was bestowed with the coveted 2022 William C. Holmberg Award
  • On Feb 09, 2022, the company has reported Net Sales of Rs.585.64 crores in December 2021, up 68.39% from Rs.347.78 crores in December 2020.
  • On Feb 09, 2022, the company reported a Quarterly Net Profit of Rs.37.05 crores in December 2021, up 31.57% from Rs.28.16 crores in December 2020.
  • On Jan 13, 2022, Swaraj signed up with Praj Industries for setting up its new expansion project. The project includes setting up the largest ethanol plant in Phaltan (Maharashtra) in two stages: first being installing a capacity of 500 KLPD and in the second stage, the capacity would be enhanced to 1100 KLPD.
(Sources: BSE, Moneycontrol, Business Line)


Technical Force*

  • S&P BSE 500month till date gain up by -0.03%
  • 3 months avg NSE volume: 12,99,460
  • Quantity traded: 82,992| Deliverable quantity: 36,475 (43.95%)
  • Stock price has jumped more than 50% from one-year-low level: 182.75(April 05, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 448.25 | 52-week-low: 182.75


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

398.25

SMA

BSE

10 DAY

376.16

20 DAY

370.43

50 DAY

381.44

200 DAY

356.19


Some Key Ratios (Source: BSE)

Market Cap:7,314.78 Crores

PE: 44.68

OPM%: 15.81

ROE%:20.79

Promoters holding%: 32.83

Prev. Close:380.40


*Chart and Technical Force data from the Binge desktop app
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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.