Punj Lloyd is a strong contra buy: Rajen Shah
"We like Punj Lloyd. It is a contra buy. With more than 20,000 crore worth of order book position, the stock has come down. "
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| Rajen Shah, Chief Investment Officer, Angel Broking in an interview with ET Now talks about Punj Lloyd.
Do you like anything in the machinery/capital good space?
We like Punj Lloyd. It is a contra buy. With more than 20,000 crore worth of order book position, the stock has come down. It has to be a contra buy, lot of negativity has been priced into the stock and going forward the thing should improve from here on actually so Punj would be certainly a strong buy and in the midcap space there are plenty of opportunities so there one could look at actually.
Do you like anything in the machinery/capital good space?
We like Punj Lloyd. It is a contra buy. With more than 20,000 crore worth of order book position, the stock has come down. It has to be a contra buy, lot of negativity has been priced into the stock and going forward the thing should improve from here on actually so Punj would be certainly a strong buy and in the midcap space there are plenty of opportunities so there one could look at actually.
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