Thursday 31 May 2018

Stock Tips Expert: Punj Lloyd Up 18%, Impact Of Better Results

Rudra Investment Stock Tips Expert says Punj Lloyd's shares have garnered gargantuan gains on Thursday. During the business, the stock saw an upward bias of 18 per cent. In fact, in the fourth quarter of the financial year 2018, the company has a profit of Rs.944 crores. After the news of good results, the shares got bullish. As a result, during the turnover, the stock on BSE rose by 18.27 percent to Rs. 19.10



Profit in the fourth quarter

Punj Lloyd has a profit of Rs 944 crores in the quarter ended March 2018. The company had lost a total of Rs 181.58 crore in the same period last year. In the January-March quarter, the company's net income increased to Rs 1,133 crore compared to Rs 1,027 crore in the same quarter last year.

Order of 800 crores in March quarter

Stock Tips Expert report, Punj Lloyd got an order worth 800 crores in the quarter ended March 2018. This order has been ordered from Tangi to Bhubneshwar NH5 for six lanes in Odisha. Apart from this, the company got an order of Rs 500 crore from NHAI on EPC basis from Puntrola to Tangi in Odisha to NH5 (New NH16) Six I for Lening.

Move on such a stock

The company's stock closed at a price of Rs 16.15 on Wednesday. In today's business, the shares are open at a price of Rs 18.85. At the same time, during the business, it increased by 18.27 per cent to Rs. 19.10 The price of 17.90 is the same as the share price.

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