Date:
October 15, 2008
Ref. No. MPML/BB/180/051/2008
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Dear Sir, Sensex
is falling down currently 500 points down. it is nearly 11000
points from its life time high. in this falling market we suggest
you to built a strong portfolio and accumulate Blue chip companies
with strong financials.
Capital good stocks have corrected more than the broader indices and Punj have fallen and still continues to trade with a steep discount. We would like to suggest you to buy this stock below Rs.200/- levels, because it is trading at a steep discount even in terms of market cap to order book. Last month on 23 sep 2008 Punj Lloyd Ltd bags order worth Rs.3636 cr. Punj Lloyd Ltd and L&T Ltd are Project executer companies and not developers, so they don't need to worry about financing the project. Hence we expect that both companies will have excellent result in this quarter. We
suggest you to buy this stock with a long term as well as short-term
view. Considering current market scenario we suggest
you to buy 200 shares as it is trading at its 52 week low. Don't
miss this opportunity when Sensex is trading below 11000 levels.
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