Buy Punj Lloyd With Stop Loss Of Rs 128

Buy Punj Lloyd With Stop Loss Of Rs 128Stock market analyst Prakash Gaba has maintained 'buy' rating on Punj Lloyd stock to achieve target of Rs 137 in 2-3 trading sessions.

According to analyst, the investors can buy the stock with stop loss of Rs 128.

Today, the stock opened at Rs 133.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 298.80 a low of Rs 115 on BSE.

Current EPS is -12.97.

According to reports, Punj Lloyd will announce the financial results for the three month period ended June 30, 2010 during its meeting held on August 03.

On July 13, Abu Dhabi Gas Development Company has inked four engineering, procurement, construction and commissioning (EPC) deals of $3,607 million with global firms comprising Indian--based Punj Llyod.

In affiliation with Spain's Tecnicas Reunidas, Punj Lloyd pocketed a $463 million Gas Gathering Package deal, as part of a plan to build up the Shah sour gas reservoir.

With functioning stretch across the Caspian, the Middle East, Africa, Asia Pacific and South Asia, the company offers up EPC services in Civil Infrastructure, Oil & Gas, Process and Thermal Power.