Avoid Punj Lloyd, says Hemang Jani

Avoid Punj Lloyd, says Hemang Jani, Sr Vice President, Sharekhan.

Jani told CNBC-TV18, "Punj Lloyd because of their large exposure to Libya we think that the overall visibility is quite poor and the company has consistently disappointed the market in terms of the performance and we are seeing huge build up in the open interest as far as F&O market is concerned, 1.25 crore. So we think this stock can disappoint for an extended period of time till we have clarity so we would definitely avoid Punj Lloyd."
He further added, "On SREI Infra I don