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#3
26th February 2008, 03:37 PM
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Re: Punj Lloyd?
Punjlloyd 375/-
Having gud amount of projects"Company luks gud with lot of Projects in the future "We expect the stock to face strong resistance at around Rs 325-335 within the rising channel. A break-out, which looks less probable given the extremely stretched fundamentals at this juncture, above this channel could see the stock in new orbit. To sustain above these levels, the company’s fundamentals have to change convincingly and offer compelling reasons for further re-rating. Therefore, we recommend sell on rise. Fresh buying may be considered after the stock corrects its previous move and consolidate. The ensuing quarterly results may provide fresh triggers for the next move." As the share is already at a high it has been told to Wait n watch 
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Punj Lloyd?
