Punj Lloyd is currently trading at Rs. 61.60, up by 0.30 points or 0.49% from its previous closing of Rs. 61.30 on the BSE.
The scrip opened at Rs. 61.65 and has touched a high and low of Rs. 62.15 and Rs. 60.65 respectively. So far 390506 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.90 on 22-Feb-2012 and a 52 week low of Rs. 39.40 on 06-Jan-2012.
Last one week high and low of the scrip stood at Rs. 62.50 and Rs. 58.40 respectively. The current market cap of the company is Rs. 2049.03 crore.
The promoters holding in the company stood at 37.18% while Institutions and Non-Institutions held 23.12% and 39.70% respectively.
Punj Lloyd’s subsidiary - Sembawang Engineers and Constructors has kicked off the New Year with a proposal to acquire the construction businesses of Macmahon Holdings, a leading Australian contract mining and construction company listed on the ASX. The two-part offer is being made through its wholly-owned subsidiary, Sembawang Australia.
The first part (Part A) of offer covers purchase of Macmahon's construction businesses as going concerns or as a separate stand-alone offer, while the second one (Part B) a counter proposal to the Asset Purchase Agreement (APA) made by Leighton Holdings, on identical terms, for an additional consideration of AUD 5 million.
Both these separate offers are subject of satisfactory due diligence and Sembawang board approval by January 31, 2013. Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.