Religare is bullish on Punj Llyod. It has maintained ‘buy’ rating on the company with a target price of Rs 411.
According to Religare, investors can purchase the stock between Rs 260-265 with a strict stop loss of Rs 240.
Today, the company’s shares opened at Rs 260, as against its last closure at Rs 272.85 on Friday (June 6), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 7.30 and 35.68 respectively. The share price has seen a 52-week high of Rs 589.1 and a low of Rs 228.5 on BSE.
The stock will achieve the target price as the company has aggressive growth plans and strong operating capabilities.