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Moneylife Digital Team 07 April 2010

Prraneta Industries (Rs32)

Prraneta is into textile trading and financing. It embodies another example of how some fundamentally weak stocks surge on the price front. For the past four quarters, the company reported sales of Rs4.10 crore, Rs3.49 crore, Rs3.27 crore and Rs3.67 crore. However, it makes no money. In the March 2009 quarter, operating profit was Rs2 lakh but in June 2009,...

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