Buy Punj Lloyd with long term perspective: VK Sharma

VK Sharma, Head-Private Broking & Wealth, HDFC Securities one can buy Punj Lloyd with long term perspective.

Sharma told CNBC-TV18, "I think Punj Lloyd has come back and is come back with a vengeance looking at the volumes. The problem with these companies the turn around is by the time you actually wait for those numbers to show in the balance sheet the price would have run up ahead then the question will arise whether at this point of time should you buy. I think the best way to buy them is investment position with a stop loss. Even if your direction is right then you tend to gain and without waiting for the results you actually come out with profits."