Shares of Praj Industries have delivered over 270% return in the last 5 years and over 800% in the last 10 years
Praj Industries is India's industrial biotechnology company. Praj's portfolio comprises Bio-energy solutions, critical process equipment & skids, Breweries, zero liquid discharge systems and high-purity water systems
Axis Securities believes that an increased interest in grain-based distilleries and decarbonization impetus is auguring well for Praj along with development in other key verticals such as CPS, ZLD and High Purity gaining traction
Axis Securities has maintained a 'Buy' rating on the small-cap stock with a target price of Rs 550, suggesting an upside potential of 60%
Praj is a key beneficiary of multiple tailwinds provided by the bio-economic revolution, giving strong growth and revenue visibility for the next 3-5 years, says Axis Securities
Shares of Praj Industries hit its 52-week high of Rs 461.50 on October 11, 2022, and a 52-week low of Rs 289.05 on May 26, 2022
Shares of Praj Industries are down over 26% from its 52-week high of Rs 461.50, hit on October 11, 2022
The content in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position