Analyst's corner

Lanco Infratech
Reco: Rs 68,
Target: Rs 83

Lanco Infratech’s in-house construction capability has made its power projects cost competitive and well organized. Robust order book of Rs 25,000 crore, with niche external orders, will drive revenue CAGR of 23 per cent over FY10- FY13, with Ebitda margins straightening out to 15 per cent. Initiate coverage with Accumulate.

—Prabhudas Lilladhar