Sell Lanco Infratech on rally: Joshi

Sharmila Joshi, Sharmilajoshi.com is of the view that one should exit Lanco Infratech on every bounce.

Joshi told CNBC-TV18, “Lanco Infratech has multiple problems at a fundamental level whether it is the kind of projects, the various projects are in different stages and there are associated problems with each of the projects. It is very difficult to really build a earnings like of a visibility around stock like this. So, where there is a positive development on one hand where you heard them being able to sell 300 megawatts of power. You have seen some delays coming in other projects, which is why I think this is a stock you would know what do to really sell on a bounce. Any time it crosses anywhere Rs 14-14.50 the investor should start looking to exit depending on how the markets are.”