Book profits in Punj Lloyd around Rs 67-70: Manghnani

Book profits in Punj Lloyd around Rs 67-70, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "I guess IVRCL and Punj Lloyd are looking little oversold, maybe some bottom fishing but again they have continued to make new lows throughout this fall. So at some point I think those lows will be revisited. I think for Punj Lloyd somewhere between Rs 67 and 70 is where you could book profits."
Punj Lloyd trailing 12-month (TTM) EPS was at Rs 1.09 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 59.17. The latest book value of the company is Rs 107.18 per share. At current value, the price-to-book value of the company was 0.6. The dividend yield of the company was 0.23%.