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Praj Industries zooms over 7% on good Q4 numbers; should you buy, sell or hold?

Praj Industries NSE Share Price, Praj Industries Q4 Results, Praj Industries Dividend 2023: Praj Industries Ltd NSE: PRAJIND rose over 7 percent a day on Friday after the Pune-headquartered company reported strong fourth-quarter results. The company reported a 52.83 percent increase in quarterly net profit to Rs.88.11 crore in March 2023 from Rs.57.65 crore in March 2022. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 88.11 Crore rupees in March 2022. 124.53 crore in the fourth quarter, up 45.65 per cent from 85.50 crore rupees in the same period last year. The counter opened at Rs 380 on the NSE. The counter traded at Rs.382.2, up 7.09 per cent or Rs.25.30 at NSE in early morning trading.

Praj Industries Stock Price Target: Should You Buy, Sell or Hold?

Siddharth Sedani of Anand Rathi Shares on Zee Business recommended buying in exchange for targets of Rs 390 and Rs 470.

Praj Industries dividend

Praj Industries announced a dividend of Rs.4.5 per share with a par value of Rs.2 each, a payout of 225 percent. The dividend is subject to shareholder approval at the 37th Annual General Meeting.

Date of Praj Industries dividend payment

If approved, the dividend will be paid within 30 days from the date of approval of the same by shareholders at the subsequent annual general meeting of the company, the company said in a statement.

Praj Industries share price history

Praj Industries stock has posted a positive return of nearly 19 percent over the past year (May 26, 2022). In comparison, the leading index Nifty 50 has risen by more than 13 percent. The company claims to be one of the most technologically advanced biotechnology and engineering companies in the world.

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