LANCO INFRATECH; UPDATE

  CMP 19.8             BSE 17362

• LANCO was one of the high beta names that suffered during trade today.
• Stock touched an intraday low of 19.6 before closing at 19.8, down 4% approx.
• Remember critical levels of 18.8 on closing basis; as long as 18.8 holds on a closing basis the uptrend remains intact.
• Decisive violation of 18.8 on a closing basis could signal weakness in the short term, in which case the Scrip could see 15.25 levels.
• Remains a BUY on all dips, for the long term investor.