Technical analyst Somil Mehta of Sharekhan is of the view that investors can buy Punj Lloyd stock to achieve a target of Rs 185 in 2-3 trading sessions.
According to him, the investors will buy the stock with a strict stop loss of Rs 157.
Today, the shares of the bank opened at Rs 168 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 298.80 and a low of Rs 108 on BSE.
Current EPS of the stock is -1.96 respectively.
Punj Llyod, on April 08, has sold its 11.92% equity stake (7.93 crore shares) in Pipavav Shipyard to co-promoter SKIL Infrastructure for Rs 402.73 crore,
Punj Lloyd, on April 07, declared that it has bagged EPC deal from Public Health Engineering Dept of the Govt of Bihar for turnkey implementation of 850 solar-powered water treatment plants.
The order is valued at Rs 2.32 billion.
Punj Lloyd, on April 06, declared it has received two orders for Rs 2.35 billion.
With this order, the order backlog for the company on consolidated basis has climbed up to Rs 259.73 billion.