Hold Lanco Infratech , says Rajesh Agarwal, Head of Research- Eastern Financiers.
Agarwal told CNBC-TV18, "Lanco Infratech is trading at a valuation of 4 times its earnings and the kind of capacity it has around 9,225 mw out of which around 4,300 is already operational. I think lot of issues, lot of discounting has been given to their overseas problem, their debt problem and the coal supply problem, ignoring the kind of capacity this has and ignoring the fact that this company is on a right track."
He further added, "They are going to come and get out of their wind power business in order to reduce debt and that would be a big trigger for the stock. If one holds this stock for a longer term horizon maybe 18 to 24 months I won't be surprised if one gets 100% return from the current market price. Hence I would advice to hold on and if there is any dips due to market condition one can add to that."
