Don't buy Lanco Infra at current level: Rakesh Bansal

Do not buy Lanco Infra at current level, says Rakesh Bansal of rakeshbansal.com.

Bansal told CNBC-Awaaz, "Investors should not buy Lanco Infra at current level. The stock is looking weak on chart. One can sell the stock with a stoploss of Rs 14.5. The stock can go down to Rs 9.4-9.5 in next 30-45 days time."
The company touched its 52-week high Rs 37.00 and 52-week low Rs 8.50 on 04 May, 2011 and 19 Dec, 2011, respectively. Currently, it is trading -63.14% below its 52-week high and 60.47% above its 52-week low.