Buy Punj Lloyd closer to Rs 103-103.50, says Anu Jain, IIFL Private Wealth Management, India Infoline.

Jain told CNBC-TV18, "Just like banks, infrastructure is looking oversold so whether it is Punj Lloyd or charts like IVRCL, Nagarjuna even a Suzlon. I am not saying they are the strongest counters or they are going to do something phenomenal but a 5-6% pullback definitely possible on the stock."


Firstcall Research is bullish on Elder Pharmaceuticals and has recommended buy rating on the stock with a target of Rs 427 in its December 16, 2010 research report.

IIFL is bullish on Dabur India and has recommended buy rating on the stock with a target of Rs 115 in its December 16, 2010 research report.