Exit Punj Lloyd: Sukhani

Sudarshan Sukhani, s2analytics.com advises to exit from Punj Lloyd at current levels.
 
Sukhani told CNBC-TV18, “Punj Lloyd has a lot of resistance at Rs 55 to Rs 60 area. I think one should slowly exit. If one take profits whether he does it at one go or in states, it is for him to decide but Punj Lloyd is entering resistance so get out.”
 
Punj Lloyd touched its 52-week high Rs 64.10 and 52-week low Rs 39.00 on 09 January, 2013 and 04 March, 2013, respectively. Currently, it is trading 14.51% below its 52-week high and 40.51% above its 52-week low. Market capitalisation stands at Rs 1,819.88 crore.