Lanco Infra can go upto Rs 16.50: Panda

Jitendra Panda of Future Capital is of the view that Lanco Infratech can go upto Rs 16.50.

Panda told CNBC-TV18, “Lanco today has seen around 10 lakh open interest increase which is a significant increase after a long time certainly looks positive. If you are looking there also it has already moved up and certainly looks further to move up and from current levels of around Rs 15. I believe again similar Rs 16.50 could be the target there. Huge amount of open interest there- 10 lakh plus and lot of long position building there also.”