Punj Lloyd gets investors appreciation on subsidiary’s new JV

Punj Lloyd is currently trading at Rs 213.55, up by 14.55 points or 7.31% from its previous closing of Rs 199 on the BSE.

The scrip opened at Rs 203 and has touched a high of Rs 215.85 with a low of Rs 201.55.So far 18,86,486 shares were traded on the BSE.

The BSE group ‘A’ CG sector stock touched a 52 week high of Rs 589.10 on January 4, 2008 and a 52 week low of Rs 140.50 on October 27, 2008.

The BSE CG index is currently trading at 8,109.86 up by 6.21% from its previous closing.

The scrip has witnessed a price change of 9.74% since last week and a change of 10.73% since last one month.

Sembawang Engineers and Constructors, the wholly owned subsidiary of Punj Lloyd in Singapore, has entered into a joint venture deal with Dayim Al-Haditha (Dayim) — a company supported by Saudi Arabia’s Prince Khalid Bin Bandar Bin Sultan.

Sembawang will hold 49% while Dayim will hold 51% stake in the new joint venture company.