Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I would classify Punj Lloyd as a very risky investment and I would suggest a sell at even current levels. At around Rs 20 I think there is another major resistance. So, even today it is very strongly up. This could be news driven but at the same time if you really look at the basic fundamentals, I don’t see the fundamental supporting a very big up move here.""If you see the debt it is almost about Rs 6,000 crore on a net worth of about Rs 1,000 crore. You see there is a very major problem, so irrespective of what orders it get, what it does in terms of debt restructuring, I think the turnaround is going to be a very long way from here," she added."Infrastructure story is there but it is still not playing out in the way we want to. Even if you are holding it for a year or two it is not going to be one of the best performers. So, better to get out of this stock, they are better other available stocks. Even in the similar space get in to an Larsen & Toubro (L&T) for example. So, I think one should really sell and switch from the story," she said.
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