Praj Industries’ stock has vaulted 500% on ethanol-blending theme. Can it carry on the momentum?

Concept by Priyanka Salve and Muhabit ul haq Synopsis Following its stellar performance, smart money is flowing out of Praj Industries even as retail investors are chasing it. While the government’s target on ethanol-blending has fuelled the rally, experts point out that valuations are stretched at current levels. But if the company succeeds in converting …

ITC has underperformed despite positive sentiment. Is the market right in punishing the stock?

Image credit: ITC Synopsis Since 2014, the ITC stock has been a laggard. But things are changing post the company’s huge investment in the non-tobacco category. There is a renewed investor interest claiming it to be a value buy, but the stock is still underperforming. Has the company got its capital allocation right? We did …