As per technical charts, investors are recommended to buy Praj Industries stock with a strict stop loss of Rs 255. The stock, which has seen decent rise from last few weeks, will surely left investors with good returns.

It is better for investors to purchase the stock for achieving a price target between Rs 267-284.

The stock of the company has touched 52-week high of Rs 262 with a low of Rs 245 on National Stock Exchange. Yesterday ( 3 Jan), the stock close the day at Rs 245 at NSE. Total volume of stock traded on NSE was 1267995. The stock still has much potential to rise in today’s trading session.

As per profit and loss account, the company has registered a net profit of Rs 86crore for year ending March 2007 and Rs 27crore for quarter ending September 2007.

Praj Industries is fundamentally very strong. The company with the huge expansion plans is rising quickly. Its strong network is likely to expand exponentially year over year offering plentiful scope for investments.

Other stocks from the same industry that will zoom in the coming quarters are BHEL, Suzlon Energy BEML and AIA Engineering.