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Technical analyst Ashish Kukreja of Phinnacle Wealth Managers Pvt Ltd has maintained 'buy' rating on Lanco Infratech Limited stock with a target of Rs 60.

According to analyst, the stock can achieve the said target in a period of one year.

The stock of the company, on January 28, closed at Rs 47.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.70 and a low of Rs 42.50 on BSE.

Current EPS & P/E ratio stood at 1.92 and 24.84 respectively.

Jeera February contract dropped Rs 196 and settled at Rs 14870 a kg as supply increased at higher prices and exports were sluggish. Overseas demand has been poor as buyers are waiting for the fresh crop to reach the market. Supplies have increased in the local market due to attractive prices.

Daily arrivals jumped to 6,000-7,000 bags against 2,000-2,500 bags last week. The total production of Gujarat is likely at 16 lakh bags against 21 lakh bags and Rajasthan is likely to report around 5 lakh bags against 7 lakh bags reported last year. In Unjha, a key spot market in Gujarat, jeera gained 35.6 rupees to end at 14785.6 rupees per 100 kg.

Turmeric yesterday we have seen that market has moved 0.12% due to lower stocks but rising arrivals from the new crop and sluggish export demand limited the gains. Overseas demand has been slack as exporters expect further fall in prices in the coming days due to increasing supplies.

Turmeric output is likely to rise to 6.7 million bags of 70 kg each from 4.65 million bags produced in 2009/10. Turmeric arrivals in Nizamabad mandi is around 5000 bags and arrivals in Erode surged to 6,000 bags from 4,000 bags. In Nizamabad, a major spot market in AP, the price ended at 13790.9 rupees dropped by -716.25 rupees.

Chana dropped Rs 41 and settled at Rs 2628 per quintal weighed by profit-taking, though rise in prices of substitute pulses and output concerns in largest producing state Madhya Pradesh capped losses. A rise in pigeon peas, or tur, and concerns over chana crop in Madhya Pradesh limited the downside.

Soyabean yesterday we have seen that market has moved -0.06% as weakness in the U. S. soy market outweighed a rise in local soymeal export. The total arrivals of soyabean were 1.40 lakh bags at Madhya Pradesh and Maharashtra were reported at 0.80-1 lakh bags. At the Indore spot market in top producer MP, soybean gained 6 Rs to 2423Re 100 kgs.

Mentha oil February contract dropped Rs 14 and settled at Rs 1171.6 a kg due to profit booking on the weekend. The contract made intraday low of Rs 1169.6 a kg and high of Rs 1192.2 a kg with the volume of 1927 and total open interest for the same contact was at 4118. Now support for the menthol is seen at 1163.4 and below could see a test of 1155.2. Resistance is now likely to be seen at 1186, a move above could see prices testing 1200.4.