Buy Praj Industries, target price Rs 477: Axis Securities

Buy Praj Industries, target price Rs 477: Axis Securities
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Synopsis

Praj Industries Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 7833.66 Crore) operating in Engineering sector.

Agencies
Promoters held 32.83 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.93 per cent, DIIs 10.0 per cent.
Axis Securities has buy call on Praj Industries with a target price of Rs 477. The current market price of . is Rs 426.55. Time period given by analyst is one year when 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 7833.66 Crore) operating in Engineering sector.

Praj Industries Ltd. key Products/Revenue Segments include Scrap and Sale of services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 735.35 Crore, down -12.09 % from last quarter Total Income of Rs 836.48 Crore and up 87.92 % from last year same quarter Total Income of Rs 391.32 Crore. Company reported net profit after tax of Rs 41.26 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 32.83 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.93 per cent, DIIs 10.0 per cent.
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