PUNJ LLOYED : GOOD BUT MAY BE AVAILABLE AT LOWER PRICE

Dear Sir,

 Am watching Punj Lloyd share from past one month, Its going down till now. whether the quarter result is not positive. Is it the right time for investment in this share. Please give your valuable suggestion.

Regards

Sunil

1. PUNJ LLOYD is a 2 rupee face value Construction & Engineering stock.

2. year high of punj lloyd is 142.30 and year low 53.00 so as my formula if a stock down more then 50 % from his year high within a year then i think stock have more downside remain.

3. promoter holding is 37.17 % in punj lloyd which they up from 37.12 %

4.  book value of punj lloyd is 107.18 so no doubt this is a value buying.

5. so my view is positive but due ot point 2 i think stock may available 40-45 for fresh buying .

6. i have no any stock of punj lloyd.