iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Praj Industries' stock price up by more than 7% today

6 Oct 2022 , 02:03 PM

In intraday trade on Thursday, shares of Praj Industries rose 9% to a new high of Rs453.65 on the strength of high activity and expectations for robust order intake in the next quarters. On January 20, 2022, the stock reached a high of Rs448.25, which was now exceeded.
At 12:20 PM, Praj Industries quoted 8% higher at Rs448.15 a share, with an increase in average trading volumes of more than two times. The S&P BSE Sensex, in contrast, was up 0.66 % at 58,449 points. 5.41 million shares have been traded on the NSE and BSE together thus far. Process and project engineering are Praj’s areas of expertise. The business serves both domestic and foreign markets. The business also offers engineering and design services.

Beyond the E20 aim, the business is still bullish about the ethanol market. The demand for ethanol is projected to increase as a result of a number of policy initiatives that are now being discussed, including flex-fuel cars, stationary diesel engine conversion to ethanol, the diesel blending program, and the export of ethanol under specific conditions. These bode well for ongoing ethanol consumption through the year 2025 (CY25), according to the business.

Aside from that, they also think that the completion of the first ethanol plant of the second generation will increase trust among potential developers on both a domestic and international level. “Compressed biogas (CBG) business ecosystem development is still ongoing in India. The rapid commissioning of the first commercial-scale CBG projects will show how the value chain functions from beginning to finish. This will facilitate the development of meaningful CBG capacity in accordance with the SATAT Policy “the management said.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • BSE
  • business
  • Buzzing Stock
  • Company
  • India
  • news
  • NSE
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.