Anu Jain's view on Lanco Infra, Voltas

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Anu Jain's view on Lanco Infra, Voltas

Anu Jain, Sr Vice President, IIFL Private Wealth Management shares her view on Lanco Infra and Voltas.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Lanco Infratech See messages about Lanco Infratech

Anu Jain, Sr Vice President, IIFL Private Wealth Management shares her view on Lanco Infra and Voltas .

Jain told CNBC-TV18, "If I was to see in engineering and infra pack, I think what I was watching yesterday on the charts was these have done some pausing, some profit taking. What I feel some of them have continued to go up, so you have got Reliance Infra which has just not rested, you have got others which are basically resting and pausing."

She further added, "If the market were to sustain at 5,400 you would again see the midcaps especially the infra midcaps would takeoff from here. So all its looking for stability around these levels and I think this time probably the
higher beta one would even do better. So Lanco at Rs 16.25, I think if it holds to Rs 15.90-15.80 kind of levels it will do another 5-6% pretty soon."

"A stock like Voltas which is at Rs 97, if you look at from where it started to fall its still nowhere close to it, so in a dip if you get it closer to Rs 94 then that is showing action, traction to about Rs 110 kind of levels. So what we basically need is if there is any kind of consolidation, correction coming to get into these stocks again but as of now, as of yesterday's close these are the two stocks which are looking fairly decent to get into."