Praj Industries can be looked at for long term: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Praj Industries.

Praj Industries, once again at 80, is this a time to exit?

The point is that if things like Larsen & Toubro are falling on good results, I do not think you can expect much from Praj. Praj type of stocks move up in a good market sentiment, this sort of terrible sentiment, Praj or any other two digit stocks even if they try to move up, they will probably decline.

Yes, may be longer term, Praj has been in a big correction for a long time, you can take a small position, keep a stop of about 70 odd and may be it has bottomed out given that heavy commodities moving up, crude moving up, so these ethanol type plays may move up finally but for that, market needs to stabilise. It is obviously not acting as badly as the infrastructure stocks, so may be with a longer term view, you can add it as the dark horse.