1. We are optimistic on the prospects of Punj Llyod from long term aspects and should be added in the portfolio with a long term vision as the returns can be non linear in terms of time and money invested into the stock.

2. The company is doing well itself as it is into pipelines construction, refineries construction, tanks & terminals, civil infrastructure and power plants.

3. A feature which many people may not be aware is also a fact that it also provides broadband services on its optical fiber network. It has a high order book and only Larsen and Toubro can copare with it in terms of the order book.Punj Lloyd is trading at 6.7 times its FY08 earnings and 4.3 times its estimated FY10 earnings and thus one can add the stock to portfolio with minimum 2 years time frame.