Buy Praj Industries; target of Rs 507

The research report by Prabhudas Lilladher, an analyst with a bullish outlook on Praj Industries recommending to buy the stock and setting their target price at 507 Rs.

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In a surprising development, Nomura Singapore has bought 1 lakh shares in Rama Steel Tubes

The Japanese investment bank purchased these equity investments via open market transactions at an average price of Rs 371 per share

and they were acquired on June 15th 2018— weeks ago!

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The future is bright for PRAJ, which we see as having significant growth potential in the coming years

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The company has strong leadership positions within its domestic ethanol plants (60-65% market share) and abroad with operations across 100+ countries worldwide

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it also focuses strongly on upcoming technologies like 2G based fuels/plant orders

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three such facilities plus an opportunity 5 thousand CBG Plants or SAF & ZLD wastewater treatment solutions

all while maintaining top tier operational efficiency levels through better management skills than before

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