Praj Industries Ltd
PRAJIND

86.45

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86.20

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Reco. Price
Rs 80.00
We recommend ACCUMULATE on the stock due to government’s push for biomass based ethanol projects. This is expected to aid revenue growth at a CAGR of 26% over FY16-18E. Stock is currently trading at valuation of 11.5x P/E on FY18E earnings. (Target Price: Rs 83.4)
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50 DMA (.)
80.27
100 DMA (.)
80.78
200 DMA (.)
82.86
Weekly Range (.)
80.40
90.35
Monthly Range (.)
76.00
90.35
52 Weeks Range (.)
70.10
105.30
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