at the end of last month. The stock hit the upper circuits today and closed at Rs.12 in the NSE with good volumes. However, in the BSE, the scrip is still ruling below Rs.11.70. The medium term investors can look for targets of Rs.15-15.50.
The company is trying to recover Rs.4700 crore stuck with customers for a long time and hope to recovery at least 50 percent of that in FY18, he said.
Punj Lloyd Ltd is having an order book of Rs.18,000 Cr plus.
Punj Lloyd traditionally provides integrated design, engineering, procurement construction and project management services in the energy and infrastructure sector. However, it has diversified its interests into aviation, defence and upstream through subsidiaries and joint ventures.