1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
19th
April 2014
PRAJ INDUSTRIES BUY POTENTIAL UPSIDE: 16.5%
CURRENT MARKET PRICE: 56.65 TARGET PRICE: 66.00
BSE Code 522205 Market Cap (Crores) 1008.00
NSE Code PRAJIND P/E 17.75
Book Value 34.37 EPS 3.20
Face Value 2 Dividend Yield % 2.85
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – APR 2014
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Praj Industries & Nifty:
Nifty: 16.2% Praj Industries: 55.2%
Stock Resistance and Support:
1st
Resistance – 61 1st
Support – 53
2nd
Resistance – 65 2nd
Support – 48

3. 15% @ 90 DAYS – APR 2014
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of Praj Industries (Rs. In Millions)
Particulars Dec 2013 Sep 2013 Jun 2013 Mar 2013
Audited / UnAudited UA UA UA UA
Net Sales 2157.70 1480.10 1237.00 1877.70
Total Expenditure 1824.30 1383.00 1266.20 1691.80
PBIDT (Excl OI) 333.40 97.10 -29.20 185.90
Other Income 73.20 51.30 99.10 37.70
Operating Profit 406.60 148.40 69.90 223.60
Interest 1.30 0 0 0
Exceptional Items 0 0 0 0
PBDT 405.30 148.40 69.90 223.60
Depreciation 38.60 34.20 32.60 30.10
Profit Before Tax 366.70 114.20 37.30 193.50
Tax 68.20 23.20 7.40 45.00
Provisions and contingencies 0 0 0 0
Profit After Tax 298.50 91.00 29.90 148.50
Extraordinary Items 0 0 0 0
Prior Period Expenses 0 0 0 0
Other Adjustments 0 0 0 0
Net Profit 298.50 91.00 29.90 148.50
Equity Capital 354.90 354.90 354.90 354.90
Face Value (IN RS) 2 2 2 2
Reserves
Calculated EPS 1.68 0.51 0.17 0.84
Calculated EPS (Annualised) 6.73 2.05 0.67 3.35
No of Public Share Holdings 119523079.00 119644579.00 119865079.00 122115079.00
% of Public Share Holdings 67.35 67.42 67.54 68.81

4. 15% @ 90 DAYS – APR 2014
- 4 - SARAL GYAN CAPITAL SERVICES
Basis of Recommendation:
i) Technical Analysis
Disclaimer:
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