Nov 30, 2016 02:55 PM IST | Source: CNBC-TV18

Exit Punj Lloyd, says Sandeep Wagle

Sandeep Wagle, Founder & CEO at powermywealth.com is of the view that one may exit Punj Lloyd.

Sandeep Wagle, Founder & CEO at powermywealth.com told CNBC-TV18, "Punj Lloyd is bottoming at around Rs 18-19 but upside is limited. I don’t see Rs 26 being crossed that is a very strong resistance, so around Rs 22-24 somewhere in between that one should exit. I don’t see Rs 26 being crossed that easily and on the downside if Rs 17.50 is broken the stock can go even lower to Rs 12.30, so that should be a stoploss."

At 14:50 hrs Punj Lloyd was quoting at Rs 20.50, up Rs 0.45, or 2.24 percent on the BSE.

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