Exit Lanco Infratech, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Ideally one still wants to get out of Lanco Infratech. There is nothing in the company. A stock that falls from Rs 52 to Rs 7 is giving a very clear message that there is a lot of difficulty; technically there is nothing to comment. I would suggest that the investor should get out – we are also seeing weakness in the Nifty."

At 11:40 hrs Lanco Infratech was quoting at Rs 7.42, down Rs 0.27, or 3.51 percent. It has touched an intraday high of Rs 7.52 and an intraday low of Rs 7.33.
The share touched its 52-week high Rs 16.78 and 52-week low Rs 6 on 06 July, 2012 and 13 June, 2013, respectively. Currently, it is trading 55.78 percent below its 52-week high and 23.67 percent above its 52-week low. Market capitalisation stands at Rs 1,786.59 crore. Also Read: Lanco's Udupi power plant sale hits hurdle: Sources