1.
BUY TO SELL STOCKS FOR SHORT TERM GAINS
27TH
JANUARY 2019
PRAJ INDUSTRIES LTD BUY POTENTIAL UPSIDE: 18.7%
CURRENT MARKET PRICE: 121.30 TARGET PRICE: 144.00
BSE Code 522205 Market Cap (Crores) 2219
NSE Code PRAJIND Dividend Yield 1.32
Book Value 38.45 P/E 47.45
Face Value 2 EPS 2.56
STOCK RECOMMENDATION

2.
15% @ 90 DAYS – JANUARY 2019
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Returns: Praj Industries & Nifty:
Nifty: -3.1% Praj Industries: 9.6%
Stock Resistance and Support:
1st
Resistance – 131 1st
Support – 115
2nd
Resistance – 140 2nd
Support – 104

3.
15% @ 90 DAYS – JANUARY 2019
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of Praj Industries Ltd (Rs. In Crores)
Particulars Sep 2018 Jun 2018 Mar 2018 Dec 2017
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales 192.48 144.31 217.08 191.16
Other Operating Income -- -- -- --
Total Income From Operations 192.48 144.31 217.08 191.16
Consumption of Raw Materials 106.44 66.5 110.72 112.65
Purchase of Traded Goods -- -- -- --
Increase/Decrease in Stocks -5.9 0.59 1.26 -2.31
Power & Fuel -- -- -- --
Employees Cost 34.4 33.19 31.33 28.83
Depreciation 5.19 5.32 5.32 5.42
Admin & Selling Expenses -- -- -- --
Provisions And Contingencies -- -- -- --
Other Expenses 49.22 37.62 48.05 39.43
Other Income 5.03 3.03 9.64 1.37
P/L Before Int., Excpt. Items & Tax 8.16 4.12 30.04 8.51
Interest 0.16 0.18 0.21 0.25
P/L Before Excpt. Items & Tax 8 3.94 29.83 8.26
Exceptional Items -- -- -- --
P/L Before Tax 8 3.94 29.83 8.26
Tax 2.55 0.78 6.88 1.52
P/L After Tax 5.45 3.16 22.95 6.74
Prior Year Adjustments -- -- -- --
Net Profit/(Loss) 5.45 3.16 22.95 6.74
Equity Share Capital 36.3 36.3 36.19 35.97
EPS 0.3 0.17 1.28 0.38
No. of Shares with Public 12,11,77,248 12,11,77,248 12,06,32,415 12,00,85,315
Public Share Holding (%) 66.77 66.77 66.67 66.57

4.
15% @ 90 DAYS – JANUARY 2019
- 4 - SARAL GYAN CAPITAL SERVICES
Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
© SARAL GYAN CAPITAL SERVICES
This Service is provided on an "As Is" basis by Saral Gyan Capital Services. Saral Gyan Capital
Services and its affiliates disclaim any warranty of any kind, imputed by the laws of any jurisdiction,
whether express or implied, as to any matter whatsoever relating to the Service, including without
limitation the implied warranties of merchantability, fitness for a particular purpose. Neither Saral
Gyan Capital Services nor its affiliates will be responsible for any loss or liability incurred to the
user as a consequence of his or any other person on his behalf taking any investment decisions
based on the above recommendation. Use of the Service is at any persons, including a Customer's,
own risk. The investments discussed or recommended through this service may not be suitable for
all investors. Investors must make their own investment decisions based on their specific
investment objectives and financial position and using such independent advisors as they believe
necessary. Information herein is believed to be reliable but Saral Gyan Capital Services and its
affiliates do not warrant its completeness or accuracy. The service should not be construed to be
an advertisement for solicitation for buying or selling of any securities.