Stock Tip - Punj Lloyd
Recommendation: Buy
Current price: Rs 288 (at the time of publishing this tip)
Price target: Rs 532
Key points:
Punj Lloyd Ltd (PLL) has won an order to engineer, procure, install and commission a 211km pipeline with associated stations and infrastructure in Qatar. The contract is valued at Rs 3,636 crore (US$ 800 million). This is the fourth engineering, procurement and construction order bagged by the company in Qatar alone.
The Middle-East has been one of the key business markets for the company and 27% …

