*Praj Industries in a sweet spot on rising consumption of ethanol*

Praj Industries Ltd continues seeing regular gains on the bourses. The stock has returned almost 275% in the current year-to-date.

Praj remains a well-known company engaged in the domestic distillery and brewery installation business. The company continues gaining prominence with government focus on increasing ethanol production. As the same is necessary to reduce the sugar glut, the increased usage of biofuels can reduce the dependence of the country on imports. Thus Praj, with its leadership in biofuel technology and with its continuously improving order pipeline, remains in a sweet spot,

Praj Industries Ltd continues seeing regular gains on the bourses. The stock has returned almost 275% in the current year-to-date.

Praj remains a well-known company engaged in the domestic distillery and brewery installation business. The company continues gaining prominence with government focus on increasing ethanol production. As the same is necessary to reduce the sugar glut, the increased usage of biofuels can reduce the dependence of the country on imports. Thus Praj, with its leadership in biofuel technology and with its continuously improving order pipeline, remains in a sweet spot,

The company’s Q4 performance holds testimony. Its sales grew more than 90% year-on-year (up about 18,4% sequentially). Ethanol (bioenergy) revenue that contributes about 70% to overall increased by 112.7% y-o-y to ₹397 Crore. Engineering business (including brewery) grew by 40.4% y-o-y.

The operating performance, too, remained strong. Earnings before interest, tax, depreciation, and amortization more than doubled over the year-ago quarter; it was up 44% sequentially.

Additionally, order flow remains impressive. The order intake during FY21 stood at ₹1,970 crore (26% from export and 74% from domestic). Analysts at Anand Rathi Securities said that this shows strong revenue build-up in the near term. Additionally, the recent government initiative will benefit the bioenergy segment of Praj industries and is expected to gradually improve its order inflows, they add.

Praj will continue to get benefit from the upcoming opportunities in biomobility as well as in the bio-CNG. Analysts at Phillip Capital Institutional equity Research say that the company offers a perfect blend for a circular bio-economy. Praj, with its leadership in biofuel technology, will benefit from upcoming opportunities in biomobility, bio-CNG, and RCM with the global push for the sustainable environment, they add. Management is expecting significant traction in the development of bio-CNG projects supported under Sustainable Alternative towards Affordable Transportation (SATAT).

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crypto gone


https://twitter.com/cnbc/status/1392605997039034372?s=24

Happiest Minds Q4 net profit up 580% to Rs36 crore
https://www.livemint.com/companies/news/happiest-minds-q4-net-profit-up-580-to-rs36-crore-11620881146741.html

India received $83 billion in remittances in 2020, (-0.2%) Vs $83.3bn in 2019. A good performance in a bad year.

Others-
China $59.5bn
Mexico $42.8bn,
Philippines $34.9bn,
Egypt $29.6bn,
Pakistan $26bn,
France $24.4bn,
Bangladesh $2bn

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Elon Musk Says Tesla Suspends Accepting Bitcoin for Vehicle Purchases https://www.wsj.com/articles/elon-musk-says-tesla-suspends-accepting-bitcoin-for-vehicle-purchases-11620858838


Tesla Inc. [US:TSLA] Chief Executive Elon Musk says the company has suspended taking bitcoin payments for its vehicles.

“We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal,” Mr. Musk said Wednesday on Twitter.

Tesla earlier this year began to accept the cryptocurrency as payment for products sold in the U.S.

Mr. Musk said the company would resume using bitcoin for transactions “as soon as mining transitions to more sustainable energy.”

🤔😒

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JINDAL STEEL & POWER:
Q4 CONS NET PROFIT 19.68B RUPEES VS 1.83B (YOY); EST 28B | 22.55B (QOQ)

Q4 REVENUE 118.81B RUPEES VS 67.95B (YOY)

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LUPIN: Q4 CONS NET PROFIT 4.6B RUPEES VS 3.9B (YOY); EST 3.2B | 4.38B (QOQ)

-Q4 REVENUE 37.59B RUPEES VS 37.91B (YOY)

Q4 CONS EBITDA 7.66B RUPEES VS 7.34B (YOY)

-Q4 EBITDA MARGIN 18.8% VS 13.8% (YOY)

-BOARD RECOMMENDED FINAL DIVIDEND OF 6.50 RUPEES/SHARE

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RESULTS-

17 MAY
BHARTIARTL
COLPAL
FEDERALBNK

18 MAY
CANBK
IOC
MANAPPURAM
PIIND
TATAMOTORS
TORNTPHARM

19 MAY
IBULHSGFIN

20 MAY
BOSCHLTD
HAVELLS
HINDPETRO
TORNTPOWER

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Bleeding cryptos

21 Stocks for Medium Long Term SIP (1).pdf