Our team member met one of our olden days informant and member of big investor group in Mumbai who happen to have a age old experience and contacts among elite investors group in Mumbai. Among many other things he said Praj Industries could become a penny stock. This was interesting if not shocking for our analyst. He tried and dug dip. The informant said some big institutional holders are considering to sell this stock which has been underperforming since 2007 from 250 levels to around 50 levels now. The guy also said that interest into green energy has peaked for the medium term atleast. Also the present global recession will cause traditional energy resources prices to correct significantly and make the green energy costlier than the traditional ones. After this stint our guy came down and the research team tried to dig deeper into this counter.| YEAR | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
| % HOLDING OR RAKESH JHUNJHUNWALA | 12.33 | 12.33 | 10.77 | 8.23 | 7.30 | 8.57 | 7.73 | 8.8 |
| % SHARE HOLDING OF VINOD KHOSLA | - | - | 1.94 | 8.88 | 6.15 | 5.26 | 4.01 | 3.11 |
| SHARE PRICE IN JUNE MONTHS OF RESPECTIVE YEAR | 5 | 35 | 80 | 240 | 175 | 110 | 80 | 70 |
