Technical analyst Kiran Jadhav has maintained 'sell' rating on Punj Lloyd Limited stock with targets of Rs 94 and 92.

According to analyst, the investors can sell the stock with a stop loss of Rs 104.

Mr. Jadhav added that it is better to sell the stock at this time as it looks weak.

Today, the stock of the company opened at Rs 98.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 221.25 and a low of Rs 96.10 on BSE.

Current EPS is -18.59.

Punj Lloyd, on Jan 12, has entered into a 25-year power purchase deal with NTPC Vidyut Vyapar Nigam Ltd (NVVN) for selling power from a 5-MW solar power facility to be constructed in the state of Rajasthan.

The power facility is built up by Punj Lloyd Solar Power Limited, a SPV, at Phalodi part of Jodhpur region in Rajasthan.

The said project will be commissioned in one year.

Infrastructure giant Punj Lloyd, on January 11, bagged an order from Bihar administration for a water treatment plant in order to provide 6.224 million litres of drinking water to Kharagpur on a daily basis.

The project is said to be finished within the next two years.