Punj Lloyd is currently trading at Rs. 32.75, up by 0.60 points or 1.87% from its previous closing of Rs. 32.15 on the BSE.
The scrip opened at Rs. 32.55 and has touched a high and low of Rs. 33.30 and Rs. 32.35 respectively. So far 252062 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 64.10 on 09-Jan-2013 and a 52 week low of Rs. 30.95 on 08-Jul-2013.
Last one week high and low of the scrip stood at Rs. 33.75 and Rs. 31.65 respectively. The current market cap of the company is Rs. 1090.93 crore.
The promoters holding in the company stood at 37.14% while Institutions and Non-Institutions held 22.74% and 40.12% respectively.
Punj Lloyd, the engineering major is likely to refinance up to Rs 1,400 crore of debt into dollar loans over the next six months in order to reduce costs and ease the impact of a falling rupee. About 65-70% loans of the company’s Rs 5,500-crore debt pile is in rupees, 65-70% of its businesses are outside India. Because of which, it faces a steep increase in finance costs for the company on the back of high interest rate regime in India and has made a big dent in its profitability.
The company’s interest outgo has risen by more than three and half times in the last five years to Rs 780.76 crore in 2012-13. It stood at Rs 220.76 crore in 2008-09.
The scrip opened at Rs. 32.55 and has touched a high and low of Rs. 33.30 and Rs. 32.35 respectively. So far 252062 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 64.10 on 09-Jan-2013 and a 52 week low of Rs. 30.95 on 08-Jul-2013.
Last one week high and low of the scrip stood at Rs. 33.75 and Rs. 31.65 respectively. The current market cap of the company is Rs. 1090.93 crore.
The promoters holding in the company stood at 37.14% while Institutions and Non-Institutions held 22.74% and 40.12% respectively.
Punj Lloyd, the engineering major is likely to refinance up to Rs 1,400 crore of debt into dollar loans over the next six months in order to reduce costs and ease the impact of a falling rupee. About 65-70% loans of the company’s Rs 5,500-crore debt pile is in rupees, 65-70% of its businesses are outside India. Because of which, it faces a steep increase in finance costs for the company on the back of high interest rate regime in India and has made a big dent in its profitability.
The company’s interest outgo has risen by more than three and half times in the last five years to Rs 780.76 crore in 2012-13. It stood at Rs 220.76 crore in 2008-09.
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