Shares of infrastructure major Punj Lloyd fell by over 5 per cent in early trade on the bourses today, reversing their stellar performance in the previous session.

Shares of the company saw profit-booking and slid to an early low of Rs 64.60, down 5.2 per cent from the previous close, on the BSE.

In a similar fashion, the stock dropped by 5.35 per cent to a low of Rs 64.50 on the NSE.

In the previous trading session, the stock rallied by 17.5 per cent on the BSE after the company reported a consolidated net profit of Rs 18 crore for the quarter ended March 31, 2011.

Punj Lloyd had reported a net loss of Rs 302 crore in the corresponding quarter last fiscal.

Meanwhile, the broader market bellwether Sensex was trading at 18,557.92, up 54.64 points, at 1120 hours.