Punj Lloyd wins contract worth Rs539 crore from GAIL
Construction and engineering company Punj Lloyd said it won a contract worth Rs539 crore from state-owned gas utility GAIL India for laying a natural gas pipeline from Dabhol to Bangalore.
Traders can buy GAIL at CMP or on dips to Rs 351 for a target of Rs 373 with a strict stop loss placed below Rs 345 from perspective of 4-5 weeks, said Rahul Randeria, technical analyst, IDBI Capital.