Stock to Buy with Anil Singhvi: In yet another episode of 'Jain Saab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business' Managing Editor and Market Guru Anil Singhvi, recommended another stock for investors to make good gains from. Today, he has recommended a stock that he said has the potential to give high returns to investors. He picked Praj Industries Limited and said this is the first time he has including this stock in this show.

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Praj Industries Limited is a leading firm in ethanol blending, bio-diesel, and bio-fuel, and it is a "World Class Company", Jain said.

Praj Industries Limited's stock has performed exceptionally well, according to Jain. As the crude oil prices are heading, the government may expand on ethanol blending because it appears that the price of petrol and diesel will skyrocket in the next 10-15 days.

The firm has been in operation for the past 30 to 35 years. Bioenergy, high-purity systems, and engineering products are among the company's offerings, which are also utilized in the oil and gas industry. As a result, the rapid rise in crude oil prices may be a major help.

The quarterly results were also strong, Jain said. Profit has increased by 33% in the previous three years, sales have increased by 12-13%, and the December quarterly results have also been excellent. In fact, the PAT was 28 crores last December, but it is now 37 crores.

The company's promoters have a strong background. FIIs have a 15% stake in the company, while DIIs have raised their stake by about 8.5 percent. Since the previous 2-3 days, the company is showing a lot of resiliency. These are the reasons why this stock is worth investing in.

Buy: Rs 348
Target: Rs 390

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