Praj has good support at 160. close above 169 will bring tgts of 176 and 184. long term very bullish as big time investors have taken stake bettin on ethanol fuel technology where Praj is a player.
posted by Hemanshu Pandey @ 8/28/2006 12:02:00 PM
2 Comments
2 Comments:
these stocks are unnoticed until the government evolves a policy for alternate fuels and enforces a %age mix in gasoline. Then these stocks will zoom. I think one needs to look at the larger opportunity rather than the short term trade
By the time the govt. decides to bring in some policy this stock can double. Praj is getting orders from abroad, which means that it can participate in the ethanol play abroad and be a mkt leader when some decision is taken here.
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