Gujral told CNBC-TV18, "Punj Lloyd is a kind of a value play even from a trading angle because all the bad news seems to be priced in and the stock is losing momentum on the downside and is now beginning to show upside action that is a good low risk entry."
He further added, "We could buy this with a stoploss of about Rs 175. We could see Rs 193-204, although if any positive news comes up, you could easily see this coming at Rs 225 or Rs 230."
At 09:46 hrs the share was quoting at Rs 186.80, up Rs 1.50, or 0.81% with volumes of 222,255 shares. Currently it is 180.27% above the 52-week low of Rs 66.65.
