The document recommends buying shares of Praj Industries, an Indian company, for potential short-term gains within 90 days. Praj Industries' stock price is currently Rs. 80.85 but is predicted to rise to Rs. 95, a potential upside of 17.5%. Technical analysis indicates resistance levels of Rs. 88 and Rs. 94 and support levels of Rs. 75 and Rs. 68. Quarterly financial results are provided, showing growth in net sales, net profit, and earnings per share over previous quarters. The recommendation is made on the basis of this technical and fundamental analysis.

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
14th
FEBRUARY 2016
PRAJ INDUSTRIES BUY POTENTIAL UPSIDE: 17.5%
CURRENT MARKET PRICE: 80.85 TARGET PRICE: 95.00
BSE Code 522205 Market Cap (Crores) 1442.73
NSE Code PRAJIND P/E 22.10
Book Value 35.31 EPS 3.67
Face Value 2 Dividend Yield % 2.00
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – FEBRUARY 2016
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Comparative Chart (Last 1 Year)
Returns: Praj Industries & Nifty:
Nifty: -20.8% Praj Industries: 25.5%
Stock Resistance and Support:
1st
Resistance – 88 1st
Support – 75
2nd
Resistance – 94 2nd
Support – 68

3. 15% @ 90 DAYS – FEBRUARY 2016
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Financials at a Glance:
Standalone Quarterly Results of Praj Industries (Rs. In Crores)
Particulars Sep 2015 Jun 2015 Mar 2015 Dec 2014
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales / Income 174.37 145.33 252.09 177.34
Other Operating Income 0.73 -- -- --
Total Income From Operations 175.1 145.33 252.09 177.34
Consumption of Raw Materials 91.14 70.39 123.32 87.8
Purchase of Traded Goods -- -- -- --
Increase/Decrease in Stocks -0.68 -2.68 0.73 0.08
Employees Cost 31.15 33 27.19 26.73
Depreciation 5.41 5.56 6.75 6.55
Admin. And Selling Expenses -- -- -- --
R & D Expenses 891 -- -- --
Provisions And Contingencies -- -- -- --
Exp. Capitalised -- -- -- --
Other Expenses 39.53 38.73 67.38 51.1
Other Income 3.72 2.32 16.74 3.83
P/L Before Int., Excpt. Items & Tax 12.27 2.65 43.46 8.91
Interest -- -- 0.06 0.11
P/L Before Exceptional Items & Tax 12.27 2.65 43.4 8.8
Exceptional Items -- -- -- --
P/L Before Tax 12.27 2.65 43.4 8.8
Tax 2.09 0.48 7.49 1
0.38 -- -- 0.08
Net Profit/Loss 10.56 2.17 35.91 7.88
Equity Share Capital 35.58 35.49 35.49 35.49
Reserves -- -- -- --
EPS 0.6 0.12 2.02 0.44
No Of Shares with Public (Crores) 11.76 11.72 11.72 11.81
Public Share Holding (%) 66.1 66.02 66.02 66.53

4. 15% @ 90 DAYS – FEBRUARY 2016
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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