Punj Lloyd, engaged into engineering, procurement and construction (EPC), witnessed a drop in share prices on Wednesday after it swung to a loss of Rs 3,820.80 million compared with a profit of Rs 153.10 million in the same quarter last year.
Net sales for the quarter declined 26.01% to Rs 23,986.70 million, compared with Rs 32,419.20 million for the prior year period.
Shares of the company are trading at Rs 39.25, down Rs 3.65, or 8.51% at the Bombay Stock Exchange (BSE) on Wednesday at 10:05 a.m.
The scrip has touched an intra-day high of Rs 40.60 and low of Rs 38.20. The total volume of shares traded at the BSE is 1,929,683.
In the earlier session, the shares climbed 4%, or Rs 1.65, at Rs 42.90.
Currently, the stock is trading down 27.04% from its 52-week high of Rs 53.80 and above 93.83% over the 52-week low of Rs 20.25.