Punj Lloyd drops on profit booking

Punj Lloyd lost 5.83% to Rs 29.90 at 12:52 IST on BSE, with the stock declining on profit booking after recent upmove.

Meanwhile, the S&P BSE Sensex was down 15.37 points or 0.08% at 20,361.19

On BSE, so far 22.49 lakh shares were traded in the counter as against average daily volume of 6.68 lakh shares in the past one quarter.

The stock hit a high of Rs 33 and a low of Rs 29.60 so far during the day. The stock had hit a record low of Rs 20.25 on 4 September 2013. The stock had hit a 52-week high of Rs 57.80 on 9 May 2013.

The stock had outperformed the market over the past one month till 7 February 2014, rising 3.93% compared with the Sensex's 1.53% fall. The scrip had also outperformed the market in past one quarter, gaining 15.66% as against Sensex's 2.14% fall.

The small-cap company has equity capital of Rs 66.42 crore. Face value per share is Rs 2.

Shares of Punj Lloyd had surged 18.47% in three trading sessions to Rs 31.75 on 7 February 2014 from a recent low of Rs 26.80 on 4 February 2014.

Punj Lloyd reported a consolidated net loss of Rs 67.08 crore in Q2 September 2013, higher than net loss of Rs 17.92 crore in Q2 September 2012. Total income from operations rose 13.1% to Rs 3134.79 crore in Q2 September 2013 over Q2 September 2012.

The Punj Lloyd Group is a diversified international conglomerate offering engineering, procurement and construction (EPC) services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.

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