Hold Punj Lloyd With Stop Loss Of Rs 95

Hold Punj Lloyd With Stop Loss Of Rs 95Technical analyst Ramesh Arora has maintained 'hold' rating on Punj Lloyd Ltd stock with a stop loss of Rs 95.

According to analyst, the investors can exit the stock on rally to around Rs 117-118.

Today, the stock of the company opened at Rs 110 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 226.45 and a low of Rs 96.10 on BSE.

Current EPS is -18.59.

On Nov 29, engineering and construction firm Punj Lloyd inked a deal with Malaysia's Hopetech for supplying automated electronic toll collection in the country.

The two firms inked a MoU in this regard in Kuala Lumpur.

On Nov 24, engineering and construction major Punj Lloyd pocketed 3 new deals worth Rs 1,595 crore for growth of oil refinery as well as infrastructure projects.

Valued at Rs 1,123 crore, the largest deal has been bagged from Indian Oil Corporation for expansion of the Paradip refinery project in the state of Orissa.

Other contracts of the company comprise a Rs 288 crore deal from Harouge Oil Operations in Libya and a Rs 184 crore contract from the West Bengal administration.