Stock market analysts have suggested investors to buy Praj Industries stock for a short-term period of 1-3 days.

Analysts expect the stock to hit a target of Rs 85.

High risk traders can buy the stock between the levels of Rs 74-77 with a strict stop loss of Rs 70

Today (May 08), the shares of the company opened at Rs 77 on the Bombay Stock Exchange (BSE) as against its last closures at Rs 75.65. The share price has seen a
52-week high of Rs 221.90 and a low of Rs 45.10 on BSE. Current EPS and P/E of the stock stood at 7.07 & 10.85 respectively.

According to India Infoline, "A detailed analysis of the volumes of Praj Industries reveals that maximum interest has been displayed by the traders in this stock since November'08. Prior to the breakout this week, the stock has been moving in a range between Rs 74 and Rs 61. Yesterday, it made a convincing move above the top of the trading range. The daily momentum oscillators i. e. RSI and MACD are suggesting strength in the upmove."

The company looks after the complete value chain for processing of alcohol/ethanol in addition to beer production, right from feedstock treatment to fermentation, sanitization and waste water management and its re-utilization.

Praj has recently added an agri-consulting service providing expertise for fresher energy feedstocks such as Sweet Sorghum.

Currently, Praj has over 450 references in more than 45 countries across 5 continents with its individual offices in Bangkok (Thailand), Johannesburg (South Africa) and Sharjah (UAE), apart from India.

Moreover, Praj also has a wholly owned division in USA called Praj Schneider.

Praj has set up a joint venture in Europe with Aker Solutions named BioCnergy Europa B. V. and recently in Brazil called Praj Jaragua Bioenergia S. A.

An ISO 9001-2000 Company, Praj is listed on BSE and NSE.

Praj is a founding member of Global Growth companies, a World Economic Forum initiative.