Lanco Infra can reach Rs 18: Kulkarni

Shardul Kulkarni, Angel Broking is of the view that Lanco Infra can reach Rs 18-18.5.

Kulkarni told CNBC-TV18, “Infra is buys on decline. Lanco Infratech a good higher top higher bottom cycle exists over the last say around a month, month and a half. Stock has good support around the Rs 15.30 mark and the probability is that if this particular sideways range continues the more it stays between the range of Rs 15.5-16.5. There is a probability that stock will reach Rs 18-18.5 in the next 15-20 trading sessions so I would look at buying into Lanco Infra as well as the other high beta counters, GVK Power and Infrastructure and GMR Infra.”