Avoid Punj Lloyd, says Manoj Murlidhar

Avoid Punj Lloyd, says Manoj Murlidhar, AVP-Derivaties, IIFL PReMIA.

Murlidhar told CNBC-TV18, "Punj Lloyd, right from last quarter itself, not only last month, we have seen that investors are loosing, I mean the participation is lesser in Punj Lloyd. Somewhere close to, once the stock started moving below the Rs 72 odd levels, we are seeing that the bias has been totally negative, because it was a buy on dips before, possibly when it was between the Rs 70 and Rs 90 odd levels.