/ Punj Lloyd Rallies Over 5% Post Q4 Numbers ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 29 May 2017

Punj Llyod, an infrastructure company, rallied over 5% as the company posted its earnings for the quarter ended March 2017.

The company in its March quarter narrowed its losses to Rs 181.58 crore. In the previous quarter, it had posted a loss of Rs 396.15 crore, according to its BSE filing.

The company said total income from operations jumped to Rs 1,027.31 crore from Rs 742.39 crore in the year-ago quarter.

The stock soon after the earnings report attracted a huge volume of buyers to hit its high of Rs 23.40 in early morning trade.

The stock in the past one month has risen 4% as compared to its peers, SKIL Infra gained 71%, IL&FS lost 11% and RPP Infra Projects lost 12% in the same time period.

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