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Praj Industries Limited
Share Price Target & Analysis

NSE:PRAJIND

517.62

VWAP

508.70

Open

504.15

Close

526.85

High

507.05

Low

650.50

52 Week High

522.95 ⇧
18.80 (3.73%)

PRAJIND

(INDUSTRIAL MANUFACTURING)
58.2% Momentum

Turnaround Potential

345.15

52 Week Low

15.35

EPS

58.87

PE

9.02

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: PRAJIND Share Price Financial Analysis & Valuation

Praj Industries Limited (PRAJIND) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Engineering - Heavy vertical. It is one of Small Cap company with Market Capitalization of Rs 7672 (in Cr). Total number of free float shares are 18.2 (in Lacs). Praj Industries Limited is listed on NSE with Exchange ID - INE074A01025 and trading code is NSE:PRAJIND with short name Praj Industries.

In the past 1 year, Praj Industries Limited has declared an equity dividend of Rs 4.2 per share. At the current share price of PRAJIND at Rs 522.95, this results in a dividend yield of 0.8 %.

As per the Fundamental Analysis of NSE:PRAJIND, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine PRAJIND underlying value and future prospects. All of this data is available in PRAJIND financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:PRAJIND, it is clearly understood that PRAJIND is Economical performer in terms of earnings and profit margins with an EPS of 15.35. NSE:PRAJIND book value per share as of today is 58.00. The current price to book ratio for PRAJIND as of May 15, 2024 is 9.02.

Valuation of the Stock: The current valuation of PRAJIND stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of PRAJIND whether to BUY this stock at current valuation. The delivery percentage of PRAJIND is 29.69% is very crucial parameter which shows that 29.69% investors are anticipating that the price of PRAJIND share should go up with VWAP at 517.62.

Now, the main question is whether to BUY or SELL, NSE:PRAJIND at current valuation.
As per latest Analysis No. #1044:-

⇑ STRONG BUY PRAJIND if All Greens

⇗ BUY PRAJIND (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD PRAJIND (With Stop Loss) if only 1 Green

⇘ SELL PRAJIND if NO Green Indicator

NSE: PRAJIND Share Price Today (May 15, 2024)

(Praj Industries Limited Daily Analysis on the basis of PRAJIND Intraday Graph & Trend)

Praj Industries Limited share price moved Up by 3.73% from its previous close of Rs 504.15. PRAJIND stock last traded price is 522.95. PRAJIND share price trend is Up with a total of 572202 stocks traded till now. It has touched an intraday high of Rs 526.85 and an intraday low of Rs 507.05. The PRAJIND trading at 522.95, Up by Rs. 18.80, or 3.73 percent which suggests that most of the Traders are anticipating that the price of PRAJIND share should go Up.

NSE: PRAJIND Share Price Tomorrow Prediction

(Praj Industries Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of PRAJIND)

Praj Industries Limited share price moved Up by 3.73%. PRAJIND share price short term trend is Up. It suggests that PRAJIND Share Price for Tomorrow remains the same with VWAP at 517.62 will be treated as stop loss for intraday traders. Praj Industries Limited Long term investors can follow the PRAJIND long term trend as mentiond in future forecast table.

NSE Code

NSE: PRAJIND

PRAJIND Share Price Today

 522.95

PRAJIND Share Price Target Prediction for 2024 ^

 478.9 - 653.7

PRAJIND Share Price Target Prediction for 2025*^

 653.7 - 696.4

PRAJIND Share Price Target Prediction for 2026*^

 696.4 - 745.1

PRAJIND Share Price Target Prediction for 2027*^

 782

PRAJIND Share Price Target Prediction for 2028*^

 805

PRAJIND Share Price Target Prediction for 2030*^

 877
PRAJIND Current Book Value 2023
57.7

*Praj Industries Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^PRAJIND share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

PRAJIND Technical Analysis

Candlestick Pattern: @547.25

PRAJIND Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 526.29 BUY 528.48 BUY
MA_12 517.41 BUY 522.25 BUY
MA_20 524.48 BUY 520.16 BUY
MA_32 512.44 BUY 517.38 BUY
MA_50 510.63 BUY 516.96 BUY
MA_100 516.95 BUY 518.75 BUY
MA_200 523.35 BUY 503.8 BUY

PRAJIND Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 524.48 Uptrend
MACD 1.23 BUY
ADX 15.91 NO or Weak Trend
DMI (+/-) 28.17 / 17.12 Uptrend

PRAJIND Momentum Oscillators

BUY (7) NEUTRAL (5) SELL (0)
Momentum Oscillators Value Action
RSI 64.08 Neutral
STOCHASTIC_K (Fast) 83.8 Overbought
STOCHASTIC_D (Slow) 70.86 Neutral
CCI 162.07 BUY
PSAR 491.91 BUY
TRUE RANGE 27.2 Neutral
ATR 16.76 BUY
WILLIAMS R -4.67 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 77.69 Neutral
MOMENTUM 16.1 BUY

PRAJIND Last 1 Year Trend

Duration Value
1 Year 55.23%
3 Months 5.97%
1 Month 3.03%
1 Week 6.13%

PRAJIND Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 80%
NEUTRAL / HOLD 20%
SELL 0%

Most popular Questions & Answers about PRAJIND


Praj Industries Limited stock last traded price is 522.95. PRAJIND share price moved Up by 3.73% from its previous close of Rs 504.15.

Praj Industries Limited share price trend is Up with a total of 572202 stocks traded till now. It has touched an intraday high of Rs 657.005 and an intraday low of Rs 507.05. The PRAJIND trading at 522.95, Up by Rs. 18.80, or 3.73 percent which suggests that most of the Traders are anticipating that the price of PRAJIND share should go Up and the Stop Loss will be around 517.62.

The market cap of Praj Industries Limited is ₹7672 (in Cr) as of May 14, 2024.

The current price to earning ratio for Praj Industries Limited as of May 14, 2024 is 58.87.

The current price to book ratio for Praj Industries Limited as of May 14, 2024 is 9.02.

The highest price of Praj Industries Limited stock is ₹650.50 in the last 52-week.

The lowest price of Praj Industries Limited stock is ₹345.15 in the last 52-week.

Praj Industries Limited share trading at ₹522.95, Up by Rs. 18.80, or 3.73 percent which suggests that most of the traders are anticipating that the price of PRAJIND share should go Up.

In 2023, Stock price target for Praj Industries Limited (PRAJIND) are ₹478.9 on downside and ₹653.7 on upside. Praj Industries Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Praj Industries Limited (PRAJIND) are ₹653.7 on downside and ₹696.4 on upside. Praj Industries Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Praj Industries Limited (PRAJIND) are ₹696.4 on downside and ₹745.1 on upside. Praj Industries Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Praj Industries Limited (PRAJIND) will be around ₹805 Praj Industries Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of PRAJIND.

As per the fundamental analysis of Praj Industries Limited (PRAJIND), it is of Economical quality in terms of earnings and profit margins with an EPS of 15.35. Praj Industries Limited book value per share as of today is 58.00. The current price to book ratio for PRAJIND as of May 15, 2024 is 9.02.


NSE:PRAJIND News & Other Useful Information about PRAJIND Share Price


Peer Comparison of NSE: PRAJIND

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Engineering - Heavy

Company Price EPS BV
PRAJIND 522.95 15.35 58
GMMPFAUDLR 1382.55 17.29 156.74
VARROC 547.05 17.35 36.28
ISGEC 1009.60 30.33 264.62
IRCON 242.75 8.78 55.06
GRSE 979.45 26.27 123.42
ACE 1392.80 23.64 76.35
ELECON 1097.75 27.02 120.1
KABRAEXTRU 378.60 9.06 110.03
TDPOWERSYS 329.40 7.63 38.03
Updated at: 15 May 2024 15:45

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