Praj Industries share price took an upward surge of more than 5 per cent to trade at an intraday high of Rs 80.60 apiece on NSE.
Praj Industries is a process as well as project engineering company, headquartered in Pune, Maharashtra, India, with offices in South Africa, North America, Latin America and Caribbean, Thailand, Philippines and UAE. Its manufacturing facilities are at five locations - in Sanaswadi, near Pune; Kandla, Port in Gujarat; Wada, Thane District and Jejuri, Pune. The Company is a recipient of the DSIR National Award in 2005 for outstanding In-House R&D Achievements.
Praj Industries earlier informed the Bombay Stock Exchange that pursuant to the provisions of the Praj Employee Stock Option Plan 2011, some of the option grantees have exercised 89,750 Stock grants equivalent to 89,750 Equity shares of face value Rs. 2/- each of the Company.
Accordingly, the duly authorized Compensation & Share Allotment Committee of the Board of Directors of the Company has allotted 89,750 Equity shares on 24th November, 2016 at an exercise price of Rs 55.75 per Equity share to the option grantees in terms of Praj Employee Stock Option Plan 2011.
Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to 178,734,176 Equity shares of Rs. 2/- each.
Praj Industries share price is currently trading at Rs 78.00, 5.55 per cent or 4.10 points. A total of 24,92,618 shares of the company have been traded on the counter of NSE aggregating to a total amount of Rs 1,955.71 lacs. The Lower Price Band is 59.15 and the Upper Price Band is 88.65,
Praj Industries is one of the top 500 stocks recommended by Dynamic Levels research team filtered out of all the 1700 plus NSE stocks.
Get the historical share price performance of Praj Industries at Praj Industries share price history.
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