The scrip surged 11 per cent to hit a new 52-week high of Rs 276.80 on Friday, a day after closing at Rs 248.95. The stock sharply outperformed the S&P BSE Sensex index, which was up 0.94 per cent at 49,411.85.
Income from operations of the industrial biotechnology company grew 91.40 per cent to Rs 567.1 crore in the quarter ended March 31 from Rs 296.29 crore in the year-ago period.
The stock has delivered over 425 per cent return in the last one year. The smallcap firm’s stock has jumped over 265 per cent in the last six months, and doubled in the last three months.
“We are delighted to report a robust performance in the fourth quarter to close FY21 on a strong note. Activity levels have remained positively elevated with continued traction in enquiries across several business verticals including some significant order wins,” said Shishir Joshipura, CEO and Managing Director, Praj Industries.
