Ashu Madan, president of core client group at Religare Securities told CNBC-TV18, “Looking at results and immediate future I don’t see any major upmove in Lanco Infratech. It is sooner or later somebody has to book a loss. It is hovering around Rs 10 and Rs 11 and if it doesn’t cross this levels soon, which is it is not crossing we might see a level of Rs 8-8.50 also.”
“End of the day, there is no excitement in this stock and there is no reason that one should be in this stock. So, it is a matter of time that how early you can book your losses and get out of it,” Madan said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
