Brokerages bullish on SpiceJet, BoI; Punj Lloyd to underperform

Tue, Aug 06, 2013 at 10:13

| Source: CNBC-TV18
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Punj Lloyd

Brokerage: Macquarie

Rating: Underperform

Target: Rs 17

Rationale: A declining order book, stretched balance sheet and continuing losses in international projects remain key overhangs.


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