Praj Industries- 4QFY21 by Mr. Yash Gupta, Angel Broking Ltd
Below are Quote on Praj Industries- 4QFY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Praj industries Limited reported total revenue from operations at 500 up by 104% YoY from ₹244 crores in Q4FY20.
EBITDA for the quarter at 70 crores up by 143% in Q4FY21 as compared to 28.8 crores in Q4FY20.
Profit after tax for the quarter at ₹51.4 crores in Q4FY21 as compared to ₹14.25 crores in Q4FY20 which is above market expectation.
Praj industries reported numbers better than the market expectation along with this company announced the dividend of 2.16. we expect stock to react positively to tomorrow's market opening.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One