Praj Ind jumps 11%, hits new high on robust Q4 nos; stock up 100% in 3 mths

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

Shares of Praj Industries hit a new high of Rs 276.80, as they rallied 11 per cent on the BSE in intra-day trade on Friday after the company's consolidated net profit more than doubled to Rs 52 crore for the quarter ended March 2021 (Q4FY21), on the back of higher operating income. The company had reported a profit of Rs 24.86 crore in the year-ago quarter.

Praj Industries is a globally leading engineering company with a bouquet of sustainable solutions for bioenergy, compressed biogas, critical process equipment and skids, breweries, industrial wastewater treatment and high purity water.

The company’s income from operations