The shares of Punj Lloyd lost by 6%, hitting the 52-week low of Rs60.10, on continued concerns of political instability in Libya. Till now, over 34.12 lakh shares have traded on the BSE as against the two-week average volume of 27.70 lakh shares.According to reports, Punj Lloyd has large operations in Libya with around 1,800 employees. Punj Lloyd has 35% of its order backlog in the Republic of Libya, which is currently facing significant political upheaval, reports suggest. But, Punj Lloyd's Chairman, Atul Punj was quoted by the media as saying that the company's projects are in regions where there are few issues. The main problem is in Benghazi where Punj Lloyd does not have any project.
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