Investors are suggested to buy Punj Lloyd for intraday trading to make good returns.

The stock has gained 7.4%, on Friday, on BSE, and marked its closure at Rs 509.95. The stock still has great potential.

The interested investors can purchase the stock between Rs 504-506, with a stop loss at Rs 500. The target for the day is Rs 524, and if the stock market remains positive, it will surely touch Rs 540.

Punj Lloyd has announced (on Nov. 30) that its wholly owned subsidiary, Sembawang Engineers and Constructors Pte, has won a contract worth Rs 12.72 billion from Land Transport Authority of Singapore.

Under terms of the contract, Sembawang E&C will be constructing the Bayfront station which is key to the downtown line as it serves the mega Marina Bay Sands Integrated resort. Sembawang E&C will be responsible for the underground construction of Bayfront station and two pairs of tunnels for Downtown Line Stage 1. This includes architectural, civil and structural works.