Cautious on Lanco Infratech - Kotak

Improved earnings contribution across segments

Lanco Infratech surprised positively with an improved earnings contribution across business segments - construction, power and resources. Construction earnings were aided by lower contribution of internal projects and Solar EPC works.

While improved operational performance at Amarkantak and clarity on sale arrangement with Haryana emerges, ongoing litigation with Perdaman remains a key overhang.

Maintain BUY with a targetprice of Rs33/share (Rs39/share previously).

Source : Equity Bulls

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