Short Term Buy Call For Punj Lloyd

Short Term Buy Call For Punj LloydStock market analyst Sailav Kaji of Fudiciary Euromax Capital Markets has maintained 'buy' rating on Punj Lloyd Ltd stock with a short term target.

The analyst said that the stock can be purchased with a target of Rs 140.

The stock of the company, on Sep 20, closed at Rs 120.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 298.80 and a low of Rs 106 on BSE.

Current EPS is -17.72.

Infrastructure firm Punj Lloyd has bagged an engineering and procurement deal from Saudi Arabian state-owned oil firm Saudi Aramco.

The deal was bagged by Dayim Punj Llyod, which is Punj Lloyd wholly owned arm in Saudi Arabia.

The order is to be finished within the next 36 months.

Dayim Punj Lloyd chief executive Adnan Abduljawad stated, "This is our first major pipeline project in the kingdom. It will be a foundation stone for exploring more opportunities in the sector and strengthening our footprint in the market. This contract is a clear recognition of our expertise and strength in delivering quality projects to the client's satisfaction."

Saudi Aramco is a completely incorporated international petroleum firm and a top player in the oil and gas exploration and producing segment.