powerfulpicks stock opinion: PRAJ Indistries is looking weak on the charts. The company is not doing well with sales and net profit going down. It quoted lower profit for FY10 and also for Q1 FY11; not a good sign when its competitors are doing better progressively. The only good thing about the company is that it is debt free. Praj specializes in EPC projects in bio-ethanol and brewery plants, industrial processes and water and wastewater treatment systems. This business does not look too exciting at this moment with global situation looking shaky for such type of work to be contracted out heavily at this point of time. PRAJ can recover only if the global economy revives to an optimum level to promote investments in infrastructure development.
Avoid PRAJ Industries; however, if one has a fancy for the stock and wants to pick it up for a long term investment, you can enter at 73.
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