Moneycontrol
May 08, 2012 04:39 PM IST | Source: CNBC-Awaaz

Don't buy Lanco Infra at current level: Rakesh Bansal

Do not buy Lanco Infra at current level, says Rakesh Bansal of rakeshbansal.com.


Do not buy Lanco Infra at current level, says Rakesh Bansal of rakeshbansal.com.


Bansal told CNBC-Awaaz, "Investors should not buy Lanco Infra at current level. The stock is looking weak on chart. One can sell the stock with a stoploss of Rs 14.5. The stock can go down to Rs 9.4-9.5 in next 30-45 days time."

The company touched its 52-week high Rs 37.00 and 52-week low Rs 8.50 on 04 May, 2011 and 19 Dec, 2011, respectively. Currently, it is trading -63.14% below its 52-week high and 60.47% above its 52-week low.

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