Joined: 21/Sep/2006
Location: India
Online Status: Offline
Posts: 30
Posted: 12/Mar/2007 at 10:24pm
He has just sold 2 lakh shares out of his holding of 90 Lakhs shares in Praj. The stock has moved to almost double the price of his investments & still a long way to go. Ethanol story is yet to begin in India. So guys wait & watch
Joined: 06/Aug/2006
Location: India
Online Status: Offline
Posts: 1284
Posted: 12/Mar/2007 at 8:48am
RJ is selling Praj because now everyone is talking about the immense potential of ethanol;it is a cool contra call -as cool as his decision to buy Praj when no one was looking at it..Also what happens to the ethanol story if oil prices decline?
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