News for Praj Industries Limited (PRAJIND.BO)

Carborundum Universal surged by up to 8.2% on Tuesday, reaching Rs 912.45 on the BSE, while Praj Industries gained 6.5%, hitting Rs 508. Kotak Equities increased its target price for Carborundum to Rs 980, suggesting a possible 7.4% upside from the current price.

Several major stocks have seen significant market cap declines in 2025, led by LIC (-Rs 84,059 crore), Trent (-Rs 71,076 crore), SBI (-Rs 65,194 crore), Zomato (-Rs 59,832 crore), TCS (-Rs 59,499 crore), HDFC Bank (-Rs 58,833 crore), HCL Tech (-Rs 56,322 crore), Siemens (-Rs 55,272 crore), L&T (-Rs 50,852 crore), and Varun Beverages (-Rs 50,812 crore). ITC faced the steepest erosion (-Rs 91,000 crore) due to its hotel business carve-out, weak earnings, and market sentiment.

Jan 31, 2025 / 06:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Praj Industries Limited Q3 and nine months FY25 earnings conference call.

Over the past three months, Praj Industries' stock has increased by nearly 7%, outperforming the Nifty 50, which saw a nearly 6% decline during the same period. Kotak Institutional Equities has set a target price of Rs 880, citing a growing total addressable market (TAM) and an improved business mix in bioenergy as key factors driving this valuation.

The Indian market began 2025 positively, with Sensex gaining 368 points and Nifty up 0.4%, led by financial services. Broad-based recovery hinges on Q3 earnings growth and government capex. Core sector data boosted auto, power, and industrial stocks.

Indian frontline indices started 2025 on a positive note on Wednesday aided by buying trends in most sectors, particularly in auto and banks. While the S&P BSE Sensex settled at 78,507.41, up by 368.40 points or 0.47%, the broader Nifty closed at 23,742.90, higher by 98.10 points or 0.41%.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the index remained volatile throughout the day but maintained a positive bias.

Sensex, Nifty updates 16 December 2024: The Sensex declined 384.55 points (0.47%) to 81,748.57, and the Nifty fell 100.05 points (0.4%) to 24,668.25, amid mixed sectoral performance and heightened market volatility. Despite losses, market breadth was positive, with 2,346 advances against 1,796 declines on the BSE.

Indian stock market closed higher, led by Bharti Airtel, Reliance, and pharma stocks. Analysts predict Nifty's potential rise to 24,400, supported by buying momentum and reduced volatility.

After a Thursday collapse, Indian equity markets rebounded strongly on Friday helped by buying trends across sectors with IT and bank heavyweights throwing their weights around.

Oct 28, 2024 / 06:30AM GMTAnuj Sonpal - Valorem Advisors - Investor Relations Thank you. Good afternoon, everyone and a very warm welcome to you all. My name is

Praj Industries launches India's first biopolymer facility, showcasing PLA technology to address plastic waste challenge and support government initiatives.

Indian equity indices closed lower as investors booked profits after record highs, though the Nifty and Sensex maintained weekly gains, indicating strong market sentiment.

May 31, 2024 / 06:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Praj Industries Limited Q4 and FY24 earnings conference call. (Operator In

Nifty ended Friday's session with an 84-point gain and formed a rounding bottom pattern on the daily chart, signaling strength. This breakout suggests the index could rise towards 25,500 in the short term. If Nifty maintains levels above 25,500, it might advance towards the 26,000-26,250 range, aligning with the rounding bottom pattern target, according to Hrishikesh Yedve of Asit C Mehta Investment Intermediates.

Investors are now focusing on the minutes of the latest Fed policy meeting and Fed Chair Powell's upcoming address later this week, seeking clues on the U.S. rate cut trajectory.

Stock market holiday: On Wednesday, the 30-share BSE Sensex pack rose 150 points or 0.19 per cent to close at 79,106 and the broader NSE Nifty index climbed 5 points or 0.02 per cent to finish at 24,144.

Stocks to Watch today, July 25, 2024: Axis Bank ADRs fell 4.5 per cent overnight in US markets. Meanwhile, RBL Bank counter is expected to see a block deal today

Among the stocks in the capital goods sector, Timken India emerged as the top gainer with a rally of 1,736% in the past decade

Nifty range-bound flat closing for the last four days indicates a pause before a sharp move. The direction of this move is not yet known, at least not before any directional breakout. Solar Industries, Titagarh Rail Systems, Carborundum Universal, Paras Defence and Space Technologies showed bullish bias.