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Tuesday, November 24, 2015

Lanco Infratech Ltd was recommended at around Rs.3.25 some months back to the Paid Members. The scrip closed at Rs.6.40 in the BSE, at a kissing distance from the 2nd target of Rs.7.

The power producer has reported a consolidated net profit of Rs.98.98 crore for September quarter against loss of Rs.527.5 crore in year-ago period, driven by strong operational performance and favourable power tariff order.

Today, another scrip in the construction space was recommended to the Paid Group members. What is its name? And what to do with Lanco Infrastructure Ltd now?

Meanwhile. Gammon India Ltd hit 19.98% buyer freeze in the BSE and 19.92% buyer freeze in the NSE to close at Rs.15.49 and 15.65 today, in the respective exchanges. This looks a little queer when the lenders to the company led by ICICI Bank proposes to invoke the rules for strategic debt restructuring as a step to recover Rs.100 bln (1 billion= 100 Cr) of dues, from the company. 
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