Shahina Mukadam, Independent Market Expert told CNBC-TV18, "One should sell Punj Lloyd as of now. Basically on operational basis the company is not making any money. Its revenues are declining, very high debt. If you see the debt it is around Rs 6,000 crore on a net worth of just close to around Rs 1,000 crore. So, I see it very difficult for the stock to rebound. In this current bounce one should sell."
At 14:47 hrs Punj Lloyd was quoting at Rs 20.50, up Rs 0.45, or 2.24 percent on the BSE.