Punj Lloyd trades in fine fettle amidst sluggish trade

20 Feb 2014

Punj Lloyd is currently trading at Rs. 26.70, up by 0.15 points or 0.56 % from its previous closing of Rs. 26.55 on the BSE.

The scrip opened at Rs. 26.45 and has touched a high and low of Rs. 26.80 and Rs. 26.20 respectively. So far 103984 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.80 on 09-May-2013 and a 52 week low of Rs. 20.25 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 29.65 and Rs. 26.20 respectively. The current market cap of the company is Rs. 878.39 crore.

The promoters holding in the company stood at 37.23%, while Institutions and Non-Institutions held 17.79% and 44.99% respectively.

Oil and Natural Gas Corporation’s (ONGC) reportedly has canceled Punj Llyod’s Rs 730 crore Mumbai high order. The company is now seeking fresh bids for Mumbai high B-127 pipeline cluster. However, Punj Llyod has reported that it is on track for complete ONGC Mumbai high order.

Back in May 2013, leading infrastructure firm Punj Lloyd had bagged an order worth Rs 730 crore from ONGC for executing a sub-sea pipeline project at Bombay High oil field. The scope of project included detailed engineering design, surveys, procurement, fabrication, load out, transportation, installation, pre-commissioning and commissioning of 115.50 km rigid submarine pipelines in nine segments.

ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.

Related Punj Lloyd Ltd. Links:

Punj Lloyd Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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