Axis Securities Optimistic On This Engineering Sector Stock, Expects 44% Return

Brokerage firm Axis Securities has recommended investors to buy the Engineering sector stock, Praj Industries with a target price of Rs 550 apiece. The current market price of the small cap stock is Rs 382 apiece. Axis Securities expects that if you buy the stock at the current market price of Rs 382, it can potentially fetch 44% return. Check key takeaways below:

1. Praj Industries Stock Performance

The last trading price of Praj Industries is Rs 382 apiece with an intraday gain of 1.14%. The stock's 52-week high is Rs 461 apiece and 52-week low is Rs 289 apiece, respectively. The company has a market capitalisation of Rs 7032 crore.

2. Praj Industries Return

The stock has given 246% return in last 5-years, 272% return in last 3-years, and 19% return in last 1-year. It has fallen 9% in last 3-months, again 9% in last 1-month, and over 1% in last 1-week.

3. Praj Industries Financial Outlook

The small cap company came into existence in 1985. It has declared a consolidated total income for the quarter ended September 30, 2022, at Rs 882 crore, up 20% from last quarter total income of Rs 735 crore.

4. Praj Industries About

Headquartered in Pune, India, Praj has spread its presence across the globe with 1000++ References in 100+ countries across all 5 continents. It is engaged in the field of bio-based technologies and engineering with presence all over the world.

With a humble beginning as a supplier of ethanol plants, today Praj is a globally leading company with a bouquet of sustainable solutions for bioenergy, high purity water, critical process equipment, breweries and industrial wastewater treatment.

Disclaimer

The stock has been picked from the brokerage report of Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.