PUNJ LLOYD A Good Stock to Invest Long Term

Why PUNJ LLOYD A Good Stock to Invest Long Term?
first quarter ended 30th June 2009, revenue increased 12% on a YoY at Rs.2979 crore. EBIDTA was up 40% at Rs.309 crore
In Q1 FY2010, major orders came to the company from Libya, Saudi Arabia, Singapore and South Asia. In the order backlog, infrastructure projects contribute 56%, pipelines 20%, tankage 2% and process plants and others contribute 22%. Geographically, South Asia contributes 17%, South East Asia and Asia Pacific contributes 25%, Africa 37%, Middle East 17%, and the rest of the Europe and the rest of the world contribute 4%.

Punj Lloyd continues to remain a good company and now with the Govt giving more impetus to infra development, the company will be in a position to get more orders. One can take long term positions in the stock. Thanks