Lanco Infratech may see 50% upside from current level, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "If one see the kind of assets held by Lanco, because in many of the cases the liquidity crunch and the solvency or the profitability of the company have been mixed up and that has really happened in case of Lanco also. Even if you leave aside results on which I have my positive view because results have been quite good but apart from that the indications given by the company that they are looking to monetize about Rs 3000 crore from the power portfolio."
He further added, "There are typically 2-3 companies which are really stuck in a very big way. One is Gayatri project which is a very small stock but they have the huge Joint Venture in 4-5 companies and all the thermal power projects are under creation, which are scheduled for completion on or before March 31st, 2015. Second company is Lanco which again has been struggling for want of funds. I am not including the Monet energy or may be GMR or the GVK kind of things because there the promoters are capable of raising the funds of their own. So if you take a call on these types of companies on which I will put Lanco I think that is a very substantial positive for the stock and I won't be surprised to see the run up which we have seen in the stock like IVRCL that the same rally continues. I am not talking on a technical basis. May be stock can correct in next couple of days but if you take a little longer call may be of next couple of months I think the stock can very well still rise by about 50% from the current levels in case of Lanco Infratech."
