Stock market analyst Rajesh Satpute has maintained 'buy' rating on Punj Lloyd Ltd stock to achieve an intraday target of Rs 124 with a 3-4 day target.

According to analyst, the interested investors can buy the stock at Rs 110 with strict stop loss of Rs 105.

The stock of the company, on Sep 07, closed at Rs 339.40 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.

Punj Lloyd Group has pocketed the deal for five solar power projects in Punjab, comprising one at the holiest of Sikh holy places Golden Temple in Amritsar.

The 'Harmandar Sahib' solar power project will be of 18 kilo-watt peak.

This order has been placed by the Punjab administration's Punjab Energy Development Agency (PEDA) on a turn-key basis.

The scope of order includes design, supply, formation, screening and commissioning of solar power facilities comprising operation and maintenance for the next ten years at all sites.

The deal will be carried out by Punj Lloyd Delta Renewables, Punj Lloyd group's renewable energy division.