Stock market analyst Ashwani Gujral suggested investors to ‘sell’ Lanco Infratech with a target between Rs 310 – Rs 300.

According to Mr. Gujral, investors can sell the stock with a strict stop loss of Rs 368.

Today (July 13), the shares of the company opened at Rs 339 as against its last closure of Rs 344.15 on Friday (July 10) on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 11.91 & 27.02 respectively. The share price has seen a 52-week high of Rs 449.40 and a low of Rs 83.10 on BSE.

Mr. Gujral feels that Lanco Infratech stock would remain under high pressure due to existing market condition.

He also suggested that if the stock fell below Rs 295, it may see more weakness. So the investors must sell Lanco Infratech in today’s session. After selling the stock, the interested investors can purchase the stock again at a low price, for medium term prospective to make good profits.

Lanco Infratech, on July 08, declared that it has got Letter of Intent (LOI) from Footwear Design & Development Institute (FDDI), ministry of commerce & industry, Indian government for the building and growth of FDDI at E-1, Sipcot Industrial Park, Irungattukottai, Kancheepuram, Tamil Nadu for Rs  52.30 crore.

Lanco Infratech, On July 10, has given an order worth Rs 265 crore to Alstom Projects India, Indian arm of France's Alstom for establishing  the Teesta hydro-electric power project in Sikkim.

In a communiqué to BSE, the company said, “Alstom Projects India has been awarded a contract worth Rs 265 crore by Lanco Infratech to install a new power plant Teesta hydro-electric power project in Sikkim.”

The order, which is to be finished in 2013, includes design, engineering, erection, examining and commissioning. The order will be completely fulfilled by APIL’s facility in Vadodara, India.