Praj Industries Share Price Surges 18% in Two Days Amid Recovery Rally

Market Performance: Midcaps See Focus on Praj Industries

The Indian stock market witnessed cautious trading as investors monitored Praj Industries’ share price, which has seen a sharp rebound over the past two sessions.

• Praj Industries share price today: ₹357.80, up 7.2% in Tuesday’s trade
• Two-day cumulative gain: 18%
• The broader market remained range-bound, but Praj’s momentum drew attention in the midcap segment.

This rally comes after months of sustained weakness, providing some relief to shareholders who had endured significant annual losses.

Main News: Praj Industries Rebounds After Steep YTD Loss

Shares of Praj Industries, a prominent global biotechnology and engineering company, have staged a recovery following a prolonged correction that began earlier this year.

Despite the recent rally, the stock’s year-to-date decline remains steep at 57.21%, marking the most severe annual drop since 2008, when the company posted a 73.40% loss.

The sharp rebound is seen as a response to improved sentiment around the company’s diversified ventures and ongoing efforts in the BioEnergy and alternative fuel segments.

Company Performance Highlights

Recent quarterly results show mixed performance for Praj Industries:

• Q2 FY26 Net Profit: ₹19.2 crore, down 65% YoY (from ₹53 crore)
• QoQ Improvement: Net profit rose 284% from ₹5 crore in Q1 FY26
• Revenue from Operations: ₹842 crore, up from ₹816 crore in Q2 FY25
• EBITDA: ₹56 crore, down from ₹86 crore YoY
• EBITDA Margin: 7%, narrowing 400 basis points YoY but improving 300 basis points QoQ
• Total Operating Expenses: ₹817 crore, up from ₹730 crore YoY

The decline in profitability is largely linked to higher GenX-related expenses and subdued domestic demand for new ethanol plants, despite earlier achievements under the EBP 20 program.

Long-Term Share Price History

While Praj Industries has struggled in 2025, the stock’s long-term performance remains noteworthy:

• Four-year growth: +205%
• All-time high in early 2025: ₹875
• Current levels: Lowest since April 2023

Shareholding pattern as of September-end quarter:

• Retail shareholders: 34.8%
• Promoters: 32.8%
• FIIs: 17.5%
• DIIs: 14.8%

The company’s diversification into CBG, bio-bitumen, biopolymers, and SAF continues to provide a medium-term growth outlook, gradually drawing investor confidence.

Summary: Recovery Rally Offers Partial Relief

Praj Industries’ 18% two-day gain offers a glimmer of hope after months of steep losses, but the stock remains significantly below its previous highs.

Key takeaways:

• Sharp rebound in share price, reaching ₹357.80
• Two-day gain: 18%, yet YTD loss remains 57.21%
• Q2 FY26 results show revenue growth, but net profit pressure
• Long-term performance is still strong, with a 205% gain over four years

Investors remain attentive to the company’s diversification strategy and ongoing developments in the BioEnergy segment as the stock navigates recovery.