Punj Lloyd started the day on a strong note on the back of receiving the approval for manufacturing of defence items.
Yesterday, after market, Punj Lloyed informed the BSE that the Foreign Investment Board (FIPB), Department of Economic Affairs, Ministry of Finance, Government of India vide its Letter dated December 15, approved the proposal of the Company for manufacturing of equipment systems and associated assemblies for the defence sector.
The stock opened with a positive gap of 7.3 per cent at Rs. 38.05. Soon, the stock has zoomed 12 per cent to touch a high at Rs. 39.70.
Now, the stock is up 11 per cent at Rs. 39.40. The BSE counter has registered trades of around 529,000 shares, against its two-week daily average volume of 508,000 shares.
Meanwhile, the BSE Sensex has jumped 304 points at 27,430.
Yesterday, after market, Punj Lloyed informed the BSE that the Foreign Investment Board (FIPB), Department of Economic Affairs, Ministry of Finance, Government of India vide its Letter dated December 15, approved the proposal of the Company for manufacturing of equipment systems and associated assemblies for the defence sector.
The stock opened with a positive gap of 7.3 per cent at Rs. 38.05. Soon, the stock has zoomed 12 per cent to touch a high at Rs. 39.70.
Now, the stock is up 11 per cent at Rs. 39.40. The BSE counter has registered trades of around 529,000 shares, against its two-week daily average volume of 508,000 shares.
Meanwhile, the BSE Sensex has jumped 304 points at 27,430.
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