Hold Punj Lloyd With Stop Loss Of Rs 148
Technical Analyst Nitin Murarka of SMC Global has maintained 'hold' rating on Punj Lloyd stock to achieve a target above Rs 165.
According to Mr. Murarka, interested traders can purchase the stock with a stop loss of Rs 148.
Today, the shares of the company opened at Rs 154.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 298.80 and a low of Rs 121 on BSE.
Current EPS is -1.96.
Punj Lloyd on May 07 declared that FIL Capital Management (Mauritius) and Fidelity India Principals (FIP) have bought a minority stake in PL Engineering (PLE), a division of Punj Lloyd.
Punj Lloyd, on April 30, received a Rs 115 crore deal for building up a hospital on the lines of AIIMS in Chhattisgarh.
The engineering group bagged the deal from the health ministry.
According to sources, the 960-bed hospital will offer up healthcare facilities in 39 specialty or super-specialty disciplines.
On April 28, Punj Lloyd declared that it has received a construction order for the 6-million tonne per year Cuddalore refinery in south India.
The financial details of the order were not disclosed yet.
The project is to be completed within a period of 18 months, the company said in a statement.