Praj Industries

Falling crude goes against bio fuels

Posted by : investor11
Price when posted : BSE: Rs 63.95 ( -0.93 % ), NSE: Rs. 64.05 ( -1.08 % )

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Addressed to  vtycoon

It is buy and hold story for substantail gain no immediate trigger...

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Falling crude goes against bio fuels

Posted by : vtycoon

Praj Industries is a global Indian company that offers innovative solutions to significantly add value in bio-ethanol, bio-diesel and brewery plants and related wastewater treatment systems.



The company’s net profit rose 11.41% to Rs 30.18 crore. Its total income rose 18% at Rs 205.70 crore in Q2 September 2008 on a YoY. Despite having provided Rs.12.07 crore for forex losses, the company managed to show an increase net profit, which is indeed commendable. Its current equity is Rs 36.69 crore, with a face value of Rs.2 per share.



A year ago, when crude was ruling around 0 per barrel and the Govt was serious about making another 10% blending of ethanol compulsory from October 08’, the future prospects of the stock had looked very good. The fortunes of this company are closely linked with the increasing acceptance of ethanol-blended petrol and bio-fuels. Now with crude ruling below per barrel and ethanol blending also postponed indefinitely, the going looks uphill for the company. But being a net exporter, the fall in the rupee vis-à-vis the US dollar would go in favour of the company.



The company remains big on ethanol blending and bio fuels. It is setting up its first plant in Louisiana, based on sugarcane juice and if this biofuel gets accepted, Praj would have the whole of North America as a market. In EU, it has a JV - BioCnergy Europa B. V., with Aker Solutions. It has also got orders from European sugar majors such as British Sugar, Suedzucker and Danisco. Its JV in Brazil is expected to help tap opportunities there too but this may take a longer while as not much progress has been made on this JV.



The only enticing aspect of the stock right now remains its shareholders – Rakesh Jhunjhunwala holds 8.48% stake, Tata Capital 7.32%, Vinod Khosla 6.15% and JM Financial which held 5.25% stake in first quarter has reduced its stake to 3.82%

buy buy buy buy buy buy ....

Posted by : Guest
Price when posted : BSE: Rs 64.25 ( 3.80 % ), NSE: Rs. 64.15 ( 3.89 % )

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there is only buy call for get handsome profit netx target 85+ very very soon

cheerssssssssssss........... guies...

Falling crude goes against bio fuels

Posted by : vtycoon
Price when posted : BSE: Rs 61.10 ( -1.21 % ), NSE: Rs. 61.25 ( -0.97 % )

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Praj Industries is a global Indian company that offers innovative solutions to significantly add value in bio-ethanol, bio-diesel and brewery plants and related wastewater treatment systems.



The company’s net profit rose 11.41% to Rs 30.18 crore. Its total income rose 18% at Rs 205.70 crore in Q2 September 2008 on a YoY. Despite having provided Rs.12.07 crore for forex losses, the company managed to show an increase net profit, which is indeed commendable. Its current equity is Rs 36.69 crore, with a face value of Rs.2 per share.



A year ago, when crude was ruling around 0 per barrel and the Govt was serious about making another 10% blending of ethanol compulsory from October 08’, the future prospects of the stock had looked very good. The fortunes of this company are closely linked with the increasing acceptance of ethanol-blended petrol and bio-fuels. Now with crude ruling below per barrel and ethanol blending also postponed indefinitely, the going looks uphill for the company. But being a net exporter, the fall in the rupee vis-à-vis the US dollar would go in favour of the company.



The company remains big on ethanol blending and bio fuels. It is setting up its first plant in Louisiana, based on sugarcane juice and if this biofuel gets accepted, Praj would have the whole of North America as a market. In EU, it has a JV - BioCnergy Europa B. V., with Aker Solutions. It has also got orders from European sugar majors such as British Sugar, Suedzucker and Danisco. Its JV in Brazil is expected to help tap opportunities there too but this may take a longer while as not much progress has been made on this JV.



The only enticing aspect of the stock right now remains its shareholders – Rakesh Jhunjhunwala holds 8.48% stake, Tata Capital 7.32%, Vinod Khosla 6.15% and JM Financial which held 5.25% stake in first quarter has reduced its stake to 3.82%...

buy praj ind.

Posted by : Guest
Price when posted : BSE: Rs 61.10 ( -1.21 % ), NSE: Rs. 61.25 ( -0.97 % )

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buy praj industries for target85+ in next week as goverment announce package and bank are also going to cut their interest rate. so hurry guies dont wait buy and make handsome profit.
happy investing................

any target for Praj to exit

Posted by : samirarora
Price when posted : BSE: Rs 61.85 ( 1.81 % ), NSE: Rs. 61.85 ( 1.73 % )

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Kindly note that the promoters of praj are presently buying shares from the open market to raise their own holdings - quote economic times- front page, Thursday edition.

This share is cheap at these levels and makes a good buy.
best wishes,
samir...

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any target for Praj to exit

Posted by : chhitijjain

Hello Mr chauhan,

First of more, you have bought on a attractive price falls from a almost 75% from highs.
There are two things:-
Praj is engaged into bio fuels, fuel ethnoal, ethnoal and bio fuel technology. Itis a hearting thing for praj that crude oil prices is falls from 147 to 40 thats why the demand of bio fuel and fuel ethnoal is dropped and demand will increase with rise in crude prices.
secondly, the market is also looking week in short term due to bad economic and IIP data/ slowdown etc.
As a result there is less chance to up from bought prices in short term and more chances to drop further.
So, you have two options, first you have to add more on lower levels and wait for long term. Second, sell and buy some other company which is good in short as well as long term.
You have set short term to Rs 63-70 /-.

any target for Praj to exit

Posted by : chhitijjain
Price when posted : BSE: Rs 61.85 ( 1.81 % ), NSE: Rs. 61.85 ( 1.73 % )

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Hello Mr chauhan,

First of more, you have bought on a attractive price falls from a almost 75% from highs.
There are two things:-
Praj is engaged into bio fuels, fuel ethnoal, ethnoal and bio fuel technology. Itis a hearting thing for praj that crude oil prices is falls from 147 to 40 thats why the demand of bio fuel and fuel ethnoal is dropped and demand will increase with rise in crude prices.
secondly, the market is also looking week in short term due to bad economic and IIP data/ slowdown etc.
As a result there is less chance to up from bought prices in short term and more chances to drop further.
So, you have two options, first you have to add more on lower levels and wait for long term. Second, sell and buy some other company which is good in short as well as long term.
You have set short term to Rs 63-70 /-. ...

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any target for Praj to exit

Posted by : kp_chauhan

I have bought 2500 shares of Praj at a price of Rs 67. please tell me any level to exit so that I can buy it at lower level. I can hold it for long-long term

Posted by : akb 8890
Price when posted : BSE: Rs 61.85 ( 1.81 % ), NSE: Rs. 61.85 ( 1.73 % )

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can i buy praj industries at current level...

STOCK MOVING SIDEWAYS

Posted by : raj72
Price when posted : BSE: Rs 60.00 ( -1.23 % ), NSE: Rs. 60.25 ( -0.90 % )

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This stock is moving sideways & is not either going up or going down...the stock is good to hold for long term & whosoever is buying & advising for short term are here to shy away the investors not to invest...its a gold pot to have in ur basked if stocks
rajesh...

Target for Praj

Posted by : samirarora
Price when posted : BSE: Rs 61.20 ( -2.93 % ), NSE: Rs. 60.70 ( -3.96 % )

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This share is an excellent long term bet...so if you bought it for the long term, do not worry about various levels in this present day market and continue to hold. It is when one starts worrying about day to day movements, one begins to start making mistakes.

best wishes,
samir....

In reply to:

Target for Praj

Posted by : kp_chauhan

I have bought 2500 shares of Praj......... can anybody please tell me what is the future for the script..... If any point of exit is to be considered. I can wait for long term too..

Target for Praj

Posted by : kp_chauhan
Price when posted : BSE: Rs 64.20 ( -2.06 % ), NSE: Rs. 64.20 ( -2.06 % )

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I have bought 2500 shares of Praj......... can anybody please tell me what is the future for the script..... If any point of exit is to be considered. I can wait for long term too.....

19 Dec 2008 18:18 JVL Agro Industries Ltd: Cheapest Script in FMCG (Agro) Sector

Posted by : pgupt
Price when posted : BSE: Rs 64.20 ( -2.06 % ), NSE: Rs. 64.20 ( -2.06 % )

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Dear amir123-I(with many others) share your contempt for the man.He irritates you no end....

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19 Dec 2008 18:18 JVL Agro Industries Ltd: Cheapest Script in FMCG (Agro) Sector

Posted by : amir123

You are neither Ram or Bhole, you are on PRAJ msg board talking of some other stock and occupying the whole page. You need to learn to behave yourself on free public space.

19 Dec 2008 18:18 JVL Agro Industries Ltd: Cheapest Script in FMCG (Agro) Sector

Posted by : investor11
Price when posted : BSE: Rs 64.20 ( -2.06 % ), NSE: Rs. 64.20 ( -2.06 % )

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good reply amir123 i hope he will not return...

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19 Dec 2008 18:18 JVL Agro Industries Ltd: Cheapest Script in FMCG (Agro) Sector

Posted by : amir123

You are neither Ram or Bhole, you are on PRAJ msg board talking of some other stock and occupying the whole page. You need to learn to behave yourself on free public space.

19 Dec 2008 18:18 JVL Agro Industries Ltd: Cheapest Script in FMCG (Agro) Sector

Posted by : amir123
Price when posted : BSE: Rs 64.20 ( -2.06 % ), NSE: Rs. 64.20 ( -2.06 % )

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You are neither Ram or Bhole, you are on PRAJ msg board talking of some other stock and occupying the whole page. You need to learn to behave yourself on free public space....

any target for Praj to exit

Posted by : kp_chauhan
Price when posted : BSE: Rs 64.20 ( -2.06 % ), NSE: Rs. 64.20 ( -2.06 % )

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I have bought 2500 shares of Praj at a price of Rs 67. please tell me any level to exit so that I can buy it at lower level. I can hold it for long-long term...

long tgt 150

Posted by : w.sharekhoj.kom
Price when posted : BSE: Rs 62.00 ( -8.82 % ), NSE: Rs. 62.20 ( -8.26 % )

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Addressed to  a.srinivasrao54,  aak20,  a j,  aahoo

short term tgt 100 or plus my feeling...