Praj Industries rises on getting rating reaffirmation from Crisil for bank facilities

22 Mar 2012 Evaluate

Praj Industries is currently trading at Rs. 79.10, up by 0.20 points or 0.25% from its previous closing of Rs. 78.90 on the BSE.

The scrip opened at Rs. 78.85 and has touched a high and low of Rs. 79.35 and Rs. 78.45 respectively. So far 35702 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 95.45 on 25-Jul-2011 and a 52 week low of Rs. 62.10 on 26-Sep-2011.

Last one week high and low of the scrip stood at Rs. 79.70 and Rs. 75.00 respectively. The current market cap of the company is Rs. 1435.70 crore.

The promoters holding in the company stood at 25.81% while Institutions and Non-Institutions held 25.34% and 48.85% respectively. 

Credit rating agency, Crisil has reaffirmed AA/Stable rating to Cash Credit of Praj Industries. The rating agency has also reaffirmed A1+ rating to the company’s letter of credit and bank guarantee. Further, the rating agency has reaffirmed AA/Stable rating to proposed long term bank loan facilities of the company.

The company posted a 57.39% surge in its net profit of Rs 21.50 crore for the quarter ended December 31, 2011 as compared to Rs 13.66 crore for the same quarter in the previous year. Income from operations has increased by 47.73% to Rs 219 crore for quarter under review from Rs 148.24 crore for the corresponding quarter of the preceding year.

Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems.

Praj Industries Share Price

801.35 -8.35 (-1.03%)
23-Dec-2024 10:55 View Price Chart
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