Praj Industries is currently trading at Rs. 361.00, up by 7.45 points or 2.11% from its previous closing of Rs. 353.55 on the BSE.
The scrip opened at Rs. 351.20 and has touched a high and low of Rs. 365.40 and Rs. 351.10 respectively. So far 31897 shares were traded on the counter.
The BSE group 'T ' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.00 on 08-Jun-2021 and a 52 week low of Rs. 72.75 on 12-Nov-2020.
Last one week high and low of the scrip stood at Rs. 366.00 and Rs. 346.55 respectively. The current market cap of the company is Rs. 6691.21 crore.
The promoters holding in the company stood at 32.83%, while Institutions and Non-Institutions held 21.85% and 45.32% respectively.
Praj Industries and Indian Oil Corporation (Indian Oil) have inked memorandum of understanding (MoU) to explore opportunities to fast-track India's transition to cleaner and greener sources of energy by exploring avenues such as the production of Alcohol to Jet (ATJ) fuels, 1G & 2G Ethanol, Compressed Bio-Gas (CBG) and related opportunities in the Biofuels industry. Exploring these green energy horizons will be crucial for India to achieve carbon neutrality by 2070.
This MoU will boost ATJ fuel production capacity and its use in India which will in turn help curb emissions emanating from the airplanes as per IATA's (The International Air Transport Association) mandate. As per the MoU, Indian Oil and Praj will also collaborate to set up Biofuel production facilities, including CBG, Biodiesel and Ethanol. The two companies would also work together to facilitate the sales and marketing of various co-products and intermediates produced from these facilities. Praj and Indian Oil would explore and jointly work towards forming a 50:50 Joint Venture and identify partners to form special purpose vehicles (SPVs) under the proposed alliance.
Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes & water and waste water treatment systems.
| Company Name | CMP |
|---|---|
| BHEL | 204.45 |
| Thermax | 3810.20 |
| Kirloskar Oil Eng | 947.35 |
| GMM Pfaudler | 1200.70 |
| Praj Industries | 760.35 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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