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    Buy Praj Industries, target price Rs 405: Axis Securities

    Synopsis

    Praj Industries Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 6590.19 Crore) operating in Engineering sector.

    Praj IndustriesAgencies
    Promoters held 32.83 per cent stake in the company as of 31-Mar-2022, while FIIs owned 13.84 per cent, DIIs 8.83 per cent.
    Axis Securities has buy call on Praj Industries with a target price of Rs 405. The current market price of Praj Industries Ltd. is Rs 358.95. Time period given by analyst is Intra Day when Praj Industries Ltd. price can reach defined target.

    Praj Industries Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 6590.19 Crore) operating in Engineering sector.

    Praj Industries Ltd. key Products/Revenue Segments include Sale of services and Scrap for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 836.48 Crore, up 41.63 % from last quarter Total Income of Rs 590.63 Crore and up 46.41 % from last year same quarter Total Income of Rs 571.34 Crore. Company reported net profit after tax of Rs 57.65 Crore in latest quarter.

    Investment Rationale
    Bounced from one year multiple support of 300 levels, recaptured 20-day SMA with high volumes

    Promoter/FII Holdings
    Promoters held 32.83 per cent stake in the company as of 31-Mar-2022, while FIIs owned 13.84 per cent, DIIs 8.83 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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