Hold on to Lanco: Lancelot D'Cunha, Sharyans Wealth Management

What would you do with Lanco, has not really shown too much of an uptick, still trading around those sub-70 levels, would you buy into it at current levels?

Lancelot D'cunha: The price has almost factored in the positive news at this point in time because these projects are long run projects and they have a 16% return on equity on the BOT project in Indonesia. So that should obviously help. Implementation of the power projects is going to take 2.5 to 3 years and given that scenario, Lanco has a capacity of 511 megawatts and increased it to 1200 megawatts but this project is going to take some time for returns to start coming in to the investors. So I would rather hold on a Lanco and wait and see how things unfold on the domestic side.