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Nov 30, 2017 02:57 PM IST | Source: CNBC-TV18

Hold Praj Industries: Vijay Chopra

According to Vijay Chopra of enochventures.com, one may hold Praj Industries.

CNBC TV18 @moneycontrolcom

Vijay Chopra of enochventures.com told CNBC-TV18, "I think that Praj Industries has consolidated nicely at lower levels and we have seen a recent upsurge of about Rs 20-25. This upsurge can go up to maybe Rs 150 and I think that one should hold on to the stock."

He further added, "This ethanol blending should increase the way pollution levels are increasing in Delhi and other metros as well. So, probably we will see ethanol blending being made mandatory. Higher extents of ethanol blending will be required going forward and the BS-IV, BS-V would kick in very soon. So, my sense is that probably Praj Industries would be a major beneficiary out of it. So Rs 150 is the target which I am looking at in Praj. There is still steam left."
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