Sell Punj Lloyd on rallies: experts
K.K. Mital, head-PMS, Globe Capital Market, and Manish Hathiramani, proprietary trader and technical analyst, Deen Dayal Investments, recommend investors look at rallies to exit Punj Lloyd. Mr Mittal feels that even though the December quarter results were better than expected, there are execution and corporate governance questions hanging on the stock. Mr. Hathiramani feels that the stock has been sideways in the medium- and long-term charts and there is no reason to hold on to the stock for the long term.
