India, Dec. 7 -- From booming ethanol orders to brewery expansion, everything seemed perfectly aligned for its next phase of growth, until the rally reversed and the share collapsed over 60 percent, leaving the market stunned. But what exactly triggered this dramatic slide, and can the company stage a strong comeback?About The Company Praj Industries Ltd., founded in 1983, is a global biotechnology and engineering company offering sustainable solutions across bioenergy, water treatment, process equipment, breweries, and wastewater management.

The business focuses on environment-friendly, energy-efficient, and farm-to-fuel technologies. It has a market capitalization of Rs. 5,752 crore, and the stock is currently trading at around Rs. 313...