fast growing company - growth stock.
PUNJ LLOYD RECOMMENDATION: BUY
CMP Rs.284
52 Week High:589.10 Low: 191.40
TARGET Rs.532
rationale:

Strong order book to provide visibility for next 2.5 years

Completion of legacy orders in next 9 months to improve profitability going forward.

Company is hedged against raw material price hikes with 90% variable pricing contracts