Punj Lloyd tumbles on dismal Q3 show

BSE 23 May 12 | 12:00 AM

44.80		-0.15 (-0.33%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 532693

Face Value: N.A.

NSE 23 May 12 | 12:00 AM

44.75		-0.2 (-0.44%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: PUNJLLOYD

Performance
1 Week	:	Rs	45.55	(-1.65%)
1 Month	:	Rs	52.25	(-14.26%)
1 Year	:	Rs	54.55	(-17.87%)

Punj Lloyd tumbles on dismal Q3 show

SI Reporter / Mumbai 10 Feb 11 | 10:58 AM

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Punj Lloyd has tumbled in trades following a dismal performance in the quarter ending December 2010.

The company has informed the BSE through a press release that it made a net loss of Rs 2 crore in the quarter ending December 2010 as against a Rs 277 crore net profit in the same quarter in the previous fiscal. Renevues declined 53% to Rs 1,003 crore from Rs 2,128 crore in the same period.

The stock crashed 5.7% to touch a new all-time low of Rs 64.75. Earlier in the day it had jumped to a high of Rs 71.75 after announcing a JV with French company.

Around 1.32 million shares have been traded on the BSE so far as against a 2-week daily trading average of 1.56 million shares.

Meanwhile, the comapny's unit, PL Engineering, signed a joint venture agreement with a unit of French firm GECI International to provide engineering services in the aerospace sector.