Praj Industries finally plummeted over 8% to Rs 76. The stock touched a day's low of  Rs 75.

The counter has clocked a volume of around 1.1 million shares against its two-week average traded quantity of  846,298 shares.
___________________________________________________________
(Updated 1259 hrs)

Praj Industries has declined 2.5% to Rs 81 following a marginal rise of  2.5% rise in Q1 net proft.

Earlier in the day, the stock spurted to a high of Rs 84, and them dropped to a low of Rs 79. The counter has clocked a volume of 589,321 shares so far on the BSE.

According to the first quarter results announced to the BSE yesterday, the company has posted a net profit of Rs 25.33 crore for the quarter ended June 30, 2009, as compared to Rs 24.75 crore for the quarter ended June 30, 2008, an increase of 2.5%.

However, the total income has decreased by 12% as compared to the same quarter last year. The total income has declined from Rs 156.79 crore for the quarter ended June 30, 2008 to Rs 138.03 crore for the quarter ended June 30, 2009.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end higher led by rate sensitives - RIL's KG-D6 output may fall to 27 mmscmd next fiscal - GoM to decide on stake sale of ONGC, BHEL tomorrow - Jaiprakash Q3 net down 12% on higher interest outgo - High edible oil, milk prices risk to food inflation: Pranab

Tags : Praj industries | gainers & losers | stock market | BSE   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  We live for our family. have you secured them? -  Financial Learning now made easier and more convenient. -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...