As per views of stock market experts, investors can purchase Punj Lloyd Limited stock above Rs 270, in order to achieve an intraday target of Rs 276.

The stop loss for the suggested counter is Rs 265. The stock pricing becomes more attractive, and reach above Rs 278, if the stock markets remain positive.

On Wednesday (July 23), the company’s shares closed at Rs 269.90 on BSE. The total volume of the shares traded was 1874343. Current EPS and P/E ratio stood at 7.30 and 35.58 respectively. The stock has also seen 52-week high of Rs 589.10 and low of Rs 183.20 on BSE.

The outlook for the stock is really very strong, and it is expected to move up on the back of huge volumes.

On July 18, the company has pocketed an order from Tecnicas Reunidas, Spain for around USD 108 million. The order is for mechanical works on two offsites and utilities project of Abu Dhabi Polymers Company, UAE.

Swissport Punj Lloyd, the joint venture (JV) between Punj Lloyd and Swissport International, is supposed to be in talks with National Aviation Company of India (NACIL) for undertaking its ground handling work.

Moreover, it is also learnt that the JV company is also in touch with DIAL (Delhi International Airport), MIAL (Mumbai International Airport) plus AAI (Airports Authority of India) for the ground handling projects.

On July 3, Punj Lloyd has also received a contract from GVK Power (Govindwal Sahib), to work on the 2 X 270 MW Govindwal sahib coal fired thermal power project in Taran district, Punjab for a value of Rs 10.05 billion.

During the last month, Punj Lloyd Group has also acquired a strategic 74% stake in Technodyne International, Eastleigh, UK for an undisclosed amount.

The stocks of other companies from the same sector, which are looking good for short and medium-term trading, include Mundra Port, Thermax, Rel Ind Infra and Texmaco.