MUMBAI: Construction major Punj Lloyd today plunged over 8 per cent on the Bombay Stock Exchange in early trade, a day after it reported a loss of Rs 19 crore for the April-June quarter.

In a flat broader market, shares of the company tanked 8.5 per cent to hit an early low of Rs 117.10 on BSE.

Similarly, the stock fell 8.6 per cent to Rs 116.95 on the National Stock Exchange.

Meanwhile, the 30-share benchmark Sensex was trading flat at 18,101.55 at 1009 hrs.

Yesterday, Punj Lloyd posted a loss of Rs 19 crore for the June quarter against a net profit of Rs 69 crore in the corresponding quarter last year.

The company attributed the poor results to delays in the development of projects by its customers.