Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Punj Lloyd.
What is your take on Punj Lloyd at 142?
Yesterday it was at a one-year low, now it has bounced up. So this is not a trend change here. So I would not go for this. At best, BTST kind of trade but even that I would suspect would be a little risky. It has made these 2-3% gain moves on a single day and then resumed its decline. So this remains a risk at the moment.
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