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Punj Lloyd has resistance at Rs 135: Gujral
Technical Analyst, Ashwani Gujral is of the view that Punj Lloyd is making some sort of a base around this Rs 105 to about Rs 115 kind of levels. But it will find resistance around Rs 135 now, so the band has come down for these infrastructure and construction stocks.
Gujral told CNBC-TV18, " Hindustan Construction remains in the range of about Rs 30 to Rs 62. It is not showing strength after the results, it sort of broke down, so that is probably ignorable."
He further added, "Punj Lloyd is making some sort of a base around this Rs 105 to about Rs 115 kind of levels. But it will find resistance around Rs 135 now, so the band has come down for these infrastructure and construction stocks."
Disclosure: Analyst doesn't hold the above stocks.
