Punj Lloyd has support at Rs 83: Gujral

Technical Analyst, Ashwani Gujral is of the view that Punj Lloyd has support at Rs 83.

Gujral told CNBC-TV18, "Punj Lloyd is underperforming its peers. It’s got strong support at Rs 98 and in case that gets broken then it could probably even fall towards Rs 83. I think resistance is at higher levels around Rs 120-125 from where it started retreating.”

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.