Shares of infrastructure major Punj Lloyd fell by over 5% in early trade on the bourses today, reversing their stellar performance in the previous session.
Shares of the company saw profit-booking and slid to an early low of Rs 64.60, down 5.2% from the previous close, on the BSE.
In a similar fashion, the stock dropped by 5.35% to a low of Rs 64.50 on the NSE.
In the previous trading session, the stock rallied by 17.5% on the BSE after the company reported a consolidated net profit of Rs 18 crore for the quarter ended March 31, 2011.
Punj Lloyd had reported a net loss of Rs 302 crore in the corresponding quarter last fiscal.