based on qtr results stock is trading a p/e valuations of 11 for EPS of 7.6 which is reasonable bet to enter compared to it`s peer from BSE200 segement. Engeering segment has seen orders starting lst qtr & praj has long way to go. Weak points Sales took a dip but advantage is Raw material for this company due to which Opearting mgn increased to 20% compared to 16%. Net profit of 39cr is significant figure compared to 30cr last year. Overall just have faith...
It may even break the target of 113-116 as this stock is fundementally strong and has a capability to reach a top up of 177-180 as the 52 week high has been at 209. Just be patient and reap the rewards in due time. Advise to go mid term on this stock.
| NIFTY 
