The scrip soared to a high of Rs 103 and finally ended at Rs 102, up 6% from the previous close. The counter clocked trades of 2 million shares as against the two-week daily average traded volumes of 661,751 on the BSE.
_______________________________________________________
(Updated at 1004hrs)
Praj Industries has opened up nearly 2% on stellar September quarter numbers. The stock is quoting at Rs 98, up 1.9%, on the BSE.
The company reported a 31.26% rise in net profit to Rs 39.60 crore for the quarter ended September 30, 2009, compared to Rs 30.17 crore for the corresponding quarter last year.
Praj Industries manufactures alcohol plants, fuel ethanol plants, brewery plants, wastewater systems and fermentation systems.
