Bonus boost for Praj Industries
DALAL STREET SPIKES
| The company announced that its board of directors in a meeting on June 17 will consider a bonus issue and a stock-split. |
| Sources said, the market has a wind of some positive announcement in advance. The stock has rallied sharply from Rs 408.25 on April 15 to Monday's close of Rs 667.35, appreciating 63 per cent. |
| In Monday's trading, more than 73 thousand shares changed hands on BSE. Praj Industries designs and offers turnkey solutions for distilleries which produce potable and industrial alcohol or fuel ethanol. |
| It also provides modernisation and upgradation of existing alcohol plants. For the brewery segment, Praj provides R&D, engineering, technical support, project management and construction. |