Punj Lloyd off 5.59% in 2 days as Q1 net loss widens

Punj Lloyd lost 2.03% to Rs 50.60 at 14:01 IST on BSE, with the stock extending Wednesday's 3.63% fall triggered by the company reporting net loss in Q1.

Meanwhile, the BSE Sensex was down 59.10 points or 0.34% to 17,541.46.

On BSE, 2.05 lakh shares were traded in the counter as against average daily volume of 4.71 lakh shares in the past one quarter.

The stock hit a high of Rs 52 and a low of Rs 50.40 so far during the day. The stock had hit a record low of Rs 37.05 on 20 December 2011. The stock had hit a 52-week high of Rs 65.90 on 22 February 2012.

The stock had underperformed the market over the past one month till 8 August 2012, falling 7.52% compared with the Sensex's 0.45% rise. The scrip had, however, outperformed the market in past one quarter, jumping 9.08% as against Sensex's 6.37% rise.

The engineering and construction company has equity capital of Rs 66.42 crore. Face value per share is Rs 2.

Shares of Punj Lloyd have fallen 5.59% in two trading sessions from Rs 53.60 on 7 August 2012, after the company after market hours on 7 August 2012 reported net loss in Q1. The stock had fallen 3.63% to settle at Rs 51.65 on Wednesday, 8 August 2012.

Punj Lloyd reported consolidated net loss of Rs 13.37 crore in Q1 June 2012, higher than net loss of Rs 12.25 crore in Q1 June 2011. Net sales rose 20.4% to Rs 2706.82 crore in Q1 June 2012 over Q1 June 2011.

As on 7 August 2012, Punj Lloyd Group has an order backlog of Rs 26206 crore. This is the total value of unexecuted orders as on 30 June 2012, and new orders received after that day, Punj said in a statement.

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

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