Hold Punj Lloyd With Stop Loss Of Rs 148

Hold Punj Lloyd With Stop Loss Of Rs 148Technical 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.