Punj Lloyd - Hot Chip Pick for This Week

Scrip Name: Punj Lloyd - BSE code: 532693 Volume: 4936613 CMP: Rs 279.90

The group is a diversified infrastructure conglomerate and has a formidable presence in engineering and construction along with interest in power, cement and hospitality. According to some market sources, the counter with higher order book seem to provide short term capital appreciation down the line and considering the same, the counter has been accumulated by the big players. The counter has witnessed higher volumes with higher deliverable quantity with a price band of Rs 275-280, which indicates further potential in the counter. On the technical front also, the measuring tools support the upward trend in the scrip.