PRAJ IND.LTD Surges by 6%; BSE CAPITAL GOODS Index Down 0.8%
September 17, 2018 09:28 AM

PRAJ IND.LTD share price has zoomed 6% and is presently trading at Rs 114.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,528 (down 0.8%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is PRAJ IND.LTD (up 5.9%).

LAKSHMI MACHINE (down 0.1%) and SIEMENS (down 0.1%) are among the top losers today.

Over the last one year, PRAJ IND.LTD has moved up from Rs 71 to Rs 114, registering a gain of Rs 42 (up 59.3%).

On the other hand, the BSE CAPITAL GOODS has moved up from 18,224 to 18,528, registering a gain of 304 points (up 1.0%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 269.8%), AIA ENGINEERING (up 37.3%) and HAVELLS IND (up 28.8%).

What About the Benchmark Indices?

The BSE Sensex is at 38,028 (down 0.7%).

The top gainers among the BSE Sensex stocks today are WIPRO (up 1.5%), SUN PHARMA (up 0.5%) and INFOSYS LTD (up 0.3%). Other gainer include TCS (up 0.2%). The most traded stocks in the BSE Sensex are WIPRO and SUN PHARMA.

In the meantime, NSE Nifty is at 11,465 (down 0.7%). WIPRO (up 1.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,242 to 38,028, registering a gain of 5,786 points (up 17.3%).

PRAJ IND.LTD Financial Update...

PRAJ IND.LTD net profit down at Rs 35 million for the quarter ended June 2018, compared to a loss of Rs 75 million a year ago. Net Sales declined 22.8% to Rs 1.9 billion during the period as against Rs 2.5 billion in April-June 2017.

For the year ended March 2017, PRAJ IND.LTD reported 45.9% decrease in net profit to Rs 446.0 million compared to net profit of Rs 825.0 million during FY16.

Revenue of the company grew 10.2% to Rs 10 billion during FY17.

The current Price to earnings ratio of PRAJ IND.LTD, based on rolling 12 month earnings, stands at 47.6x.