Why Buy Praj Industries In Indian Share Market Now:
Buy Praj Industries In Indian Share Market Now: Monopoly stocks in ethanol plant assembly with 70% market share. Also provide cutting edge tech to distillery companies for ethanol and bio-diesel production. Installing projects in Africa and Southeast Asia with total global contribution of 10% in global market. Last 3 years company share has grown from Rs67 to Rs 376.60, giving 430% return. Praj has collaborated with AirAsiaIndia to operate commercial aircraft. It has got clearance to form joint venture with Indian Oil Corp. for producing bio-diesel and selling ethanol, CBO, SAF, other intermediaries. Praj Industries increased it ethanol share from 60% to 66% in Indian Market. Operating Revenue increased from 51% from FY 21-22 to FY 22-23. Increased Profits by 59% during this period. Profitability was 22.24% in FY 23 . Promoters hold 32% share, FII controls 17% and Retail Investors hold 41% respectively. Share stand at Rs377 can double