Don't expect Praj Industries to move up from current levels: Edelweiss

In a chat with ET Now, Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services, shares his views on the Praj Industries. Excerpt:

ET Now: What is the call on Praj Industries?

Ambareesh Baliga: It will not move up too much from here. Whatever capacity requirement was there in India, that capacity is already there. Hence, it will not increase the sales for Praj just because they are giving some sort of a fillip for ethanol mixing.