The entire ethanol space is subdued at present and praj is mainly linked to the same. So when the Ethanol story related stocks start moving, this will follow. Action in Ethanol space will begin post elections due ro sensitivity of the whole spectrum - sugar, rice, millets, husk, grain price + farmers who are biggest vote bank.
I may be wrong completely but thats what its playing out right now. Government flip-flops also indicate the same as they are treading extremely cautious lines and changing goal post at slightest of hint of things going in undesirable direction.
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