Punj Lloyd will break levels of 50 soon: Ashwani Gujral
"Punj Lloyd, it has become a double digit stop, probably it will break 50 sooner or late."
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Punj Lloyd.
Some of these counters that have hit their 52-week lows, an Anant Raj, an ARSS Infra, Punj Lloyd, Orbit Corp, mainly from the infrastructure real estate basket?
They are likely to go down further given that infrastructure is not picking up. ARSS now is below its listing price even, so next target here could be closer to 325-330. Again Punj Lloyd, it has become a double digit stop, probably it will break 50 sooner or later, so all these stocks, which are hitting fresh lows below the 5177 low of the Nifty are likely to make lows, which go down much further.
Some of these counters that have hit their 52-week lows, an Anant Raj, an ARSS Infra, Punj Lloyd, Orbit Corp, mainly from the infrastructure real estate basket?
They are likely to go down further given that infrastructure is not picking up. ARSS now is below its listing price even, so next target here could be closer to 325-330. Again Punj Lloyd, it has become a double digit stop, probably it will break 50 sooner or later, so all these stocks, which are hitting fresh lows below the 5177 low of the Nifty are likely to make lows, which go down much further.
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