Punj Lloyd may rally further: Sukhani

Punj Lloyd may rally further. One can buy it with a stop loss of Rs 49, says Sudarshan Sukhani of s2analytics.com.
 
Sukhani told CNBC-TV18, “I cannot say if the worst is over in Punj Lloyd because that depends on what the market does but I would be able to recommend Punj Lloyd for buying because we have a very clear cut exit strategy here.”
 
He further added, “Punj Lloyd is giving the impression that it is willing to go much higher from current levels. It has build a base and it is now breaking out. Keep a stop loss at Rs 49 and go buy it. If it doesn’t work you know where you have to get out.”