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Punj Lloyd of India Cut to ‘Reduce’ From ‘Buy’ at BNP Paribas

June 1 (Bloomberg) -- 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.

Link to Company News:{PUNJ IN <Equity> CN <GO>}

To contact the reporter on this story: Shiyin Chen in Singapore at schen37@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

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