Saturday, October 4, 2008

Lanco Infratech – Buy (target 212) – BNP Paribas

  • Analysis of Lanco Infratech’s power projects reveals that the projects will be completed but with execution delays.
  • Potential upside of 35.7% on planned stake increase in two major projects.
  • TP: INR212 (Base case; Using DCF; Construction: INR100; Power: INR107; Roads: INR5). Reiterate BUY.

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