Punj Lloyd Cut to `Reduce' From `Buy' at BNP Paribas on Order-Book Concern
Stock Chart for Punj Lloyd Ltd (PUNJ)
Punj Lloyd Ltd. was cut to “reduce” from “buy” by BNP Paribas analysts Vishal Sharma and Shashank Abhisheik, who cited concerns over “execution” and the concentration of its order book.
The analysts also lowered their share-price forecast to 99 rupees from 215 rupees.
To contact the reporter on this story: Shiyin Chen in Singapore at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.