Punj Llyod rises 3.7%

A plan to raise funds has put Punj Lloyd, engineering and construction company on investment radar in Monday’s trade. The company’s shares rose 3.67 per cent to Rs 201.95. The board will meet on June 24 to discuss plans to raise funds through issue of appropriate securities.

The stock opened the day at Rs 199 and made an intraday low of Rs 197.5 before reaching day’s highs of Rs 208.4. The total traded volumes stood at 22 lakh shares (about 1.25 times higher of its two-week average). The stock made a 52-week high of Rs 316.8 and a low of Rs 66.65.