Intraday Buy Call For Lanco Infratech
Technical analyst Prakash Gaba has maintained 'buy' rating on Lanco Infratech Limited stock with an intra-day target of Rs 41.
Mr. Anil said that the investors can buy the stock with a stop loss of Rs 37.
The shares of the company, on March 22, closed at Rs 38.55 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 74.70 and a low of Rs 33 on BSE.
Current EPS & P/E ratio stood at 2.21 and 17.44 respectively.
Lanco Infratech has come forth as the biggest independent power maker in the country with an installed capacitance of 3,292 mega watt.
The firm has attained this via synchronizing the 600 mw division of Lanco Anpara Power, a SPV carrying out the power project of 1,200 mw in two parts in the state of UP.
Presently, the company has 5,953 mw of power projects under different phases of construction and 4,470 mw of power projects under construction.
Lanco Infratech has recorded an increase of 53.52% in its consolidated net profit for the three month period ended December 2010.
For Oct-Dec 2010 period, the company registered a net profit of Rs 1,640.30 million as against Rs 1,068.40 million for the same period of Dec 2009.