Praj Industries jumped 17.46% to Rs 68.95 at 12:02 IST on BSE after consolidated net profit surged 76.2% to Rs 36.61 crore on 8.3% decline in total income to Rs 322.98 crore in Q4 March 2015 over Q4 March 2014.
The result was announced after trading hours yesterday, 28 May 2015.
Meanwhile, the BSE Sensex was up 306.37 points, or 1.11%, to 27,813.08
On BSE, so far 11.76 lakh shares were traded in the counter, compared with an average volume of 1 lakh shares in the past one quarter.
The stock hit a high of Rs 70.40 and a low of Rs 60.25 so far during the day. The stock hit a 52-week high of Rs 79.15 on 5 June 2014. The stock hit a 52-week low of Rs 54.55 on 23 January 2015.
The small-cap company has an equity capital of Rs 35.49 crore. Face value per share is Rs 2.
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Praj Industries' consolidated order backlog as on 31 March 2015 stood at Rs 1010 crore. Gajanan Nabar, CEO & MD, Praj Industries said that the company's growth prospects are exciting, backed by a strong order book, fundamentally sound operations and a steadily improving macro-economic outlook.
Praj Industries is the process engineering and solutions provider for bioethanol, alcohol & brewery, water & wastewater and process equipment globally.
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