Technical analyst Somil Mehta of Sharekhan has maintained 'buy' rating on Lanco Infratech Limited stock with a target of Rs 45.

According to analyst, the investors can buy the stock with a stop loss of Rs 36.

The stock of the company, on February 21, closed at Rs 39.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.70 and a low of Rs 33 on BSE.

Current EPS & P/E ratio stood at 2.21 and 17.98 respectively.

Lanco Infratech`s Singaporian arm Lanco Solar Holdings has announced its solar plans.

Lanco Solar Holdings is following up a fully integrated biz plan as a developer of Solar Farms, EPC contractor and also incorporated maker of solar PV modules.

Lanco Infratech announced that its consolidated net profit for the third quarter ended December 2010 surged 53.52% to Rs 164.03 crore as against the same period of 2009.

The construction major had registered a consolidated net profit of Rs 106.84 crore during the corresponding period of last fiscal.

Group's total income zoomed to Rs 1,661.45 crore for the said period as compared to Rs 1,612.76 crore for the same period of last financial.

Company's standalone net profit grew to Rs 133.56 crore in the third quarter whereas standalone total income climbed up to Rs 2027.11 crore in the quarter under review.

Lanco Infratech made entry into a binding deal to get hold of Griffin Coal Mine in Australia in the third quarter under review.