Hold Punj Lloyd With Stop Loss Of Rs 130

Hold Punj Lloyd With Stop Loss Of Rs 130Stock market analyst Salil Sharma is of the view that investors can 'hold' Punj Lloyd Ltd stock with stop loss of Rs 130.

According to analyst, the investors can exit at Rs 165.

Today, the stock opened at Rs 2624 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2875 and a low of Rs 1515 on BSE.

Current EPS & P/E ratio stood at 108.36 and 24.16 respectively.

Punj Lloyd Ltd has declared that a conference of its directors will take place on May 28, inter alia, to consider and adopt the annual accounts for the fiscal ended March 2010 and announcement of dividend, if any, for year 2009-10.

Punj Lloyd in grouping with Technicas Reunidas of Spain has bagged an EPO deal valued at Rs 20.56 billion from the Abu Dhabi Gas Development Company for Shah Gas Development project in Abu Dhabi.

While talking on the project win, Ravindra Kansal, president & CEO, Middle East, Africa & Caspian Region, Punj Lloyd said, ``Shah Gas Field development is a prestigious project of Abu Dhabi. The project is very challenging because of the magnitude of gas processed and treating of sour gas with very high sulphur content. This will be one of the largest sour gas processing facilities in the world. We are proud to be part of this project."