May 28, 2012, 09.33 AM IST

Lanco Infra to sell roads biz, power arm; stock gains

Lanco Infratech is going to sell its roads business and power arm to pare debt, reports The Economic Times.

Source: Moneycontrol.com
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Lanco Infratech is going to sell its roads business and power arm to pare debt, reports The Economic Times.


It touched an intraday high of Rs 12.55 and an intraday low of Rs 12.35. At 09:27 hrs the share was quoting at Rs 12.45, up Rs 0.18, or 1.47%.
 
It was trading with volumes of 532,600 shares. In the previous trading session, the share closed up 1.15% or Rs 0.14 at Rs 12.27.


The share touched its 52-week high Rs 34.70 and 52-week low Rs 8.50 on 01 Jun, 2011 and 19 Dec, 2011, respectively.
 
Currently, it is trading -64.12% below its 52-week high and 46.47% above its 52-week low.
 
Market capitalisation stands at Rs 2,997.72 crore.


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