Punj Lloyd Board recommends dividend of 20%

Punj Lloyd Ltd has announced that the Board of Directors of the Company at its meeting held on May 30, 2008, inter alia, has recommended a dividend @ 20% i.e. Re 0.40 per share on the Equity Share Capital for the financial year ended March 31, 2008, subject to approval of the shareholders.The stock closed the day at Rs.320.85, up by Rs.10.05 or 3.23%. The stock hit an intraday high of Rs.331.80 and low of Rs.314.70.The total traded quantity was 1132185 compared to 2 week average of 467086.