Praj Industries

The rise in the Praj Industries scrip came after the company said that it is expecting to triple its revenues by 2030, during a press conference

Among the key momentum oscillators - the MACD and Slow Stochastic are showing negative divergence on these smallcap stocks; hence caution is advised at these counters.

Outlook on Nifty smallcap stocks: Delta Corp, Eris Life, Praj and Usha Martin can rally up to 28 per cent, while Symphony may witness a corrective move in the near-term; suggests technical charts.

Praj Industries profit rose 4.3 per cent year-on-year (Y-o-Y) to Rs 91.9 crore in Q4FY24, from Rs 88 crore in the same quarter last year (Q4FY23)

Stocks to watch on May 31: Swan Energy reported a decline in profit by 10.5 per cent year on year (Y-o-Y) to Rs 55.5 crore as against Rs 62.1 crore in Q4FY23

The central government has directed all sugar mills not to use sugarcane juice or syrup for making ethanol in 2023-24 season, as the sugar production expected to be down in this year.

Analysts expect lower output to keep sugar prices elevated at least for the next year, driving gains for the sector

Analysts believe this is a positive development for Praj Industries as biodiesel could be the next growth driver for the company

Various biofuels covered under the memorandum of understanding (MoU) include sustainable aviation fuel (SAF), ethanol, compressed biogas (CBG), biodiesel, and bio-bitumen

According to the technical analyst from Anand Rathi, Garden Reach can rally to Rs 590, while Praj Industries can bounce back to Rs 412.

Analysts believe that the company sounded positive about the strong order inflows in the coming quarters, given government's target to achieve 20 per cent ethanol blending by 2025 (EBP-20)

The stock of RVNL has confirmed a range breakout above Rs 32.50-mark. he stock has potential to test Rs 35-mark in the coming sessions

The Netherlands-based Circular Biobased Delta has approved Praj's Bio-bitumen samples processed from purified lignin, as a part of their flagship CHAPLIN program

The management said the activity levels have remained positively elevated with continued traction in enquiries across several business verticals, including some significant order wins

In the past six months, the stock has zoomed 200 per cent as compared to a 23 per cent gain in the S&P BSE Sensex

Industrial biotechnology company Praj Industries on Friday said it has bagged a Rs 226.90 crore order from Indian Oil Corporation Ltd

Praj Industries on Thursday said it has entered into an agreement with the Institute of Chemical Technology (ICT) to jointly promote higher education and research in the areas of process development

For Praj Industries, the RSI has shown signs of positive bias with good volume

For Godrej Industries, the RSI has also recovered decently from the highly oversold zone and indicated a trend reversal to signal a buy

The stock surged 17 per cent to Rs 132 after the company reported net profit of Rs 22.43 crore in Q3FY19 against Rs 7.52 crore in the year-ago quarter.