Punj Lloyd tumbles on reporting net loss of Rs 363.92 crore in Q1

   
 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.

     Punj Lloyd has reported a net loss of Rs 363.92 crore as compared to a net profit of Rs 4.95 crore for the quarter ended June 30, 2013. The company’s total income from operations has decreased by 50.03% to Rs 1113.83 crore for the quarter under review from Rs 2228.92 crore for the corresponding quarter of the previous year.

     The promoters holding in the company stood at 37.16% while Institutions and Non-Institutions held 14.20% and 48.64% respectively.

     The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 60.85 on 19-Jun-2014 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. 43.80 and Rs. 39.65 respectively. The current market cap of the company is Rs. 1316.76 crore.

     The scrip opened at Rs. 39.65 and has touched a high and low of Rs. 40.70 and Rs. 39.65 respectively. So far 79666 shares were traded on the counter.

     Punj Lloyd is currently trading at its lower circuit level of Rs. 40.70, down by1.00 points or 2.40% from its previous closing of Rs. 41.70 on the BSE.