Prajay Engineers Syndicate Ltd: Ready to Blast off

Prajay Engineers Syndicate Ltd which hit the buyer freeze last week, should start hitting some more buyer freezes. The company has huge pieces of land in Hyderabad and even in Vizag. The total land valuation would not be less than Rs.500 Cr as against this the market cap is only Rs.47.10 Cr. Now what about the business of the company? It is coming almost free at the current price of around Rs.6.76. 

The company would start working on an IT park from the 1st week of August, 2012 according to an unconfirmed source. The repo rate cut has already, improved the sentiments of Real Estate Counters. Its 3-star hotel would be money spinner in the coming days.
Prajay is one of the largest real estate developers in Hyderabad, offering differentiated real estate and hospitality products. The company has made significant capital gains on the back of its well located land bank. Prajay Engineers Syndicate Ltd has strong project pipeline.