Biofuel Praj up for grabs ahead of climate summit

Institutional investors have been accumulating shares of biofuels major Praj Industries at lower levels. According to dealers, ‘Jammie MF’ and ‘Cutie Pie MF’ bought shares of Praj Industries ahead of the Copenhagen Climate summit.

According to analysts, Praj Industries, which offers solutions to set up bio-ethanol and bio-diesel projects and excels in bio-engineering, will benefit from the impetus given to ethanol-based fuel manufacturers at the Copenhagen Summit.

The Summit will lay stress on transport emissions, which in turn will boost the opportunities for companies functioning in bio-fuels sector.