New Delhi, Aug. 13 -- Praj Industries, one of the leading global biotechnology and engineering companies, has seen its shares tumble sharply in recent sessions, hitting levels not seen in the recent past. This comes after analysts cut their target prices following the company's June-quarter results, which marked its weakest performance in recent years.

The stock has taken a severe beating following the figures as investors rushed to exit, erasing nearly 14% of its value so far this month, the second consecutive monthly drop after a 9% decline in July.

This sharp fall has also dragged the stock down 51% in 2025 so far, its worst yearly performance since 2008. If the stock fails to recover in the remaining months, it will also mark its fi...