Shares of Praj Industries fell 11% in three days, heavy shopping for befell earlier than the Union Cupboard assembly. – INA NEWS

Praj Industries share value: Shares of Praj Industries Restricted have gained greater than 11 p.c within the final three buying and selling days. As we speak on January 16, this inventory is buying and selling at Rs 773.20 on BSE with an increase of three.91 p.c. This shopping for is being seen within the shares of the corporate earlier than the Union Cupboard assembly and its outcomes. With at this time’s rise, the market cap of the corporate has elevated to Rs 14,212 crore. The inventory’s 52-week excessive is Rs 874.30 and 52-week low is Rs 448.

from the cupboard assembly Praj Industries What’s the reference to the pace?

Based on the information of CNBC Awaaz, a choice on rising the costs of ethanol may be taken quickly within the Union Cupboard assembly. Based on sources, the worth of B-Heavy Molasses could also be elevated by Rs 1.82 per liter. On the identical time, the worth of sugarcane juice is prone to enhance by Rs 1.31 per liter. Sources additionally stated that the worth of C-Heavy Molasses is proposed to be elevated by Rs 6.87 per liter from Rs 49.41 per liter to Rs 56.28.

Goal of 20 p.c ethanol mixing

A goal has already been set to extend ethanol mixing to twenty p.c by the tip of the monetary 12 months. The determine of ethanol mixing on petrol is at present 15.83 p.c. Praj Industries is an engineering agency that gives options for distillery and brewery waste water remedy and utilization. The corporate is understood for changing numerous sugar gadgets like diluted/combined juices/syrup/sugar or B-heavy molasses into ethanol.

All eight analysts masking Praj Industries have a “Purchase” ranking on the inventory. Other than Praj Industries, shares of distillery firms like GM Breweries, Tilaknagar Industries, Globus Spirits are additionally buying and selling with good points of as much as 4 per cent forward of the Union Cupboard outcomes.