Due to continued selling pressure in the heavy weights led by IT, banking and capital goods shares, the broad based Nifty fell further on Tuesday by 51.15 points and marked its closure at 4,449.80.
The BSE Sensex looks to be tempted to touch the 14,000 mark shortly, after witnessing a big loss of 506 points on Monday’s closure.
As compared to Friday’s closing at 15,572.18 points, the market has dropped around 825 points to touch the low of 14,745.71 in today’s session.
After opening on a negative note today, following global market jitters, continued to fall freely and has lost around 320 points to touch the day’s low.
BSE Midcap and smallcap lost 1.10% and 0.86% each.
Religare is bullish on Punj Llyod. It has maintained ‘buy’ rating on the company with a target price of Rs 411.
According to Religare, investors can purchase the stock between Rs 260-265 with a strict stop loss of Rs 240.
Today, the company’s shares opened at Rs 260, as against its last closure at Rs 272.85 on Friday (June 6), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 7.30 and 35.68 respectively. The share price has seen a 52-week high of Rs 589.1 and a low of Rs 228.5 on BSE.
The stock will achieve the target price as the company has aggressive growth plans and strong operating capabilities.
after witnessing a big loss of 506 points on Monday’s closure.
company with a target price of Rs 411. 
with an intraday target
