India's Praj Industries expects to triple rev by 2030; stock jumps

Praj Industries

22/11/2024 06:25

** Praj Industries  PRAJ.NS  rises as much as 9.7% to 741.05
rupees; set to snap two weeks of losses
    ** Industrial biotech co expects to triple its rev by 2030,
eyeing opportunities in sectors like sustainable aviation fuel,
biopolymers, energy transition and climate actions
    ** More than 2.9 mln shares traded, 4.6x the 30-day avg
    ** Stock rated "strong buy" on avg; median PT is 848.50
rupees - LSEG
    ** PRAJ up 6% so far this week, extending YTD gains to 31.8%

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))