InvestorQ : Why has Praj Industries been rallying so sharply in the last few months?
rhea Babu made post

Why has Praj Industries been rallying so sharply in the last few months?

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Riya Dwivedi answered.
1 month ago
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Praj Industries has been one of the star performers of 2021 gaining 275%. The big theme for the stock appears to be the rapidly growing demand for ethanol blending. Ethanol is produced by sugar companies to blend with petrol and make it cheaper and also more environment friendly. Praj operates in the distillery and brewery installation business in India and has seen huge demand build-up.

Ethanol is today the hottest idea after government pulled back the deadline for 20% ethanol blending to 2025. Ethanol blending will reduce sugar glut and encourage cleaner fuels. Praj is a clear leader in biofuel technology. For the Mar-21 quarter, EBITDA grew by 44% for Praj on yoy basis.

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