Stock market analysts are of the view that investors can sell Punj Lloyd Ltd stock with a target price between Rs 201-198.

According to them, investors can sell the stock below Rs 204.50 with a strict stop loss of Rs 207.50.

If the stock fell below Rs 195, it may see more weakness.

Today (Nov 27), the stock opened at Rs 202.10 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 7.82 and 25.03 respectively. The share price has seen a 52-week high of Rs 298.80 and a low of Rs 66.65 on BSE.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Punj Lloyd Group announced a reformation in its operations.

Aimed at motivating lucrative growth, the new operating structure decentralizes the Group's operations in different geographies to authorize the regional chiefs and make them responsible for the chances that lie at the forefront.

Moreover, Punj Lloyd has forayed into the solar utility space.

The group, which has already set up itself as one of the leading process contractors in the design and building of related renewable facilities such as biofuels, will offer SPV and solar thermal solutions with a burly emphasis on technology plus offering application specific solutions.

For the three month period ended September 30, Punj Lloyd has recorded a fall of 63% in its net profit, which stood at Rs 41.88 crore from Rs 88.05 crore for the same period ended September 30, 2008.

The company's total income surged to Rs 1861.72 crore for the quarter under review from Rs 1583.86 crore during the same period of 2008.