Stock market analysts have maintained 'buy' rating on Lanco Infratech Ltd with an intraday target of Rs 594.85.

According to them, interested traders can purchase the stock with a strict stop loss of Rs 576.

If the bourses remain on the positive track, then the stock price will hit a target above Rs 605.

Shares of the company, on Wednesday (Dec 09), closed at Rs 583.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 603 and a low of Rs 99 on BSE.

Current EPS & P/E ratio of the stock stood at 16.81 & 34.75 respectively.

Lanco Infratech Ltd has decided to tie up Rs 250 billion of funding for use in power projects by June next year.

Lanco Infratech is also going slow on realty projects.

Lanco Infratech has recorded a net profit of Rs 1,273.80 million during the three month period ended September 30, 2009 as against Rs 398.70 million in September 2008.

The total income of the company surged to Rs 14,831.60 million during the period under review as compared to Rs 6,428.60 million for the quarter ended September 30, 2008.

The group's consolidated net profit during the period ended September 30 stood at Rs 1225.60 million as against Rs 515.60 million in September 30, 2008.

Total income came up from Rs 12904.10 million for the three month period ended Sept 30, 2008 to Rs 19452.90 million for the three month period ended September 30, 2009.