Reviews

PRAJ INDUSTRIES 

{Ticker : 522205 { FV: Rs. 2 { 52-Week H/L: Rs. 168/93.45 

We had previously recommended Praj Industries in volume 35, issue no. 27 (dated April 29, 2019), when the stock was trading at Rs 143. Praj Industries is engaged in the business of process and project engineering. On a quarterly consolidated basis, the company's income from operations stood at Rs 300.34 crore in Q3FY20, down by 9.07 per cent from Rs 330.31 crore in Q3FY19. Operating profit was down by 17.24 per cent to Rs 24.33 crore in Q3FY20 and Rs 29.4 crore in Q3FY19. The company reported a net profit of Rs 20.67 crore in Q3FY20, down by 7.85 per cent from Rs 22.43 crore in Q3FY19. The economic slowdown posed challenges for the growth in several business segments leading to disappointing Q3 results. Thus as on February 6, 2020, we recommend to EXIT and book losses at Rs 108.90, down by 23.85 per cent.