Nirmal Bang has maintained 'Buy' rating on Praj Industries stock to achieve a target of Rs 87 within 1 to 5 days.

Interested traders can buy the stock on dips with a stop loss of Rs 68.

Shares of the company, on Tuesday (May 05), closed at Rs 72.65 on the Bombay Stock Exchange (BSE). 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 & 10.97 respectively.

According to Nirmal Bang, the stock has seen lots of gains in the past few weeks, so buy the stock, it will prove that it's definitely a strategic stock.

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 up an agri-consulting service that offers expertise for fresher energy feedstocks such as Sweet Sorghum.

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

Moreover, it also has a wholly owned arm in USA called Praj Schneider, an engineering company active involved in biofuels business.

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.