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ICICI Direct has buy call on Praj Industries with a target price of Rs 462. The current market price of Praj Industries is Rs 419.1. Time period given by analyst is 14 days 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 7706.00 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 31-12-2021, the company reported a Consolidated Total Income of Rs 590.63 Crore, up 9.58 % from last quarter Total Income of Rs 539.00 Crore and up 67.24 % from last year same quarter Total Income of Rs 353.16 Crore. Company reported net profit after tax of Rs 37.05 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to maintain positive bias and head towards Rs 462 levels in the coming weeks being the 123.6% external retracement of the recent corrective decline (Rs 448-316.
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.
Praj Industries Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 7706.00 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 31-12-2021, the company reported a Consolidated Total Income of Rs 590.63 Crore, up 9.58 % from last quarter Total Income of Rs 539.00 Crore and up 67.24 % from last year same quarter Total Income of Rs 353.16 Crore. Company reported net profit after tax of Rs 37.05 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to maintain positive bias and head towards Rs 462 levels in the coming weeks being the 123.6% external retracement of the recent corrective decline (Rs 448-316.
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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