Hold Lanco Industries, may go to Rs 90-92: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Lanco Industries rallied smartly from the level of Rs 20 to Rs 80. Thereafter it witnessed some correction. However, I think it is a temporary phase and the overall trend is quite positive. If one can hold it for say around 8-10 months time I see the target price of around Rs 90-92. One can hold it and keep a stoploss below Rs 60."

At 15:14 hrs Lanco Industries was quoting at Rs 69, up Rs 0.25, or 0.36 percent.

The share touched its 52-week high Rs 82.30 and 52-week low Rs 21.70 on 07 November, 2014 and 16 December, 2013, respectively.