Another QIP Guy – Lanco Infratech.

by khalid on 05/08/2009 · 2 comments

Infrastructure developer Lanco Infratech inform to BSE that it would raise Rs 727.35 cr through QIP route to the Qualified Institutional Buyers by private placement. The board of Lanco Infratech has approved to issue around 1.84 cr shares to these buyers at the rate of Rs 394.90 per share.

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Sherin August 6, 2009

Khalid, I personally not prefer companies from fast booming sectors like real estates or IT. There may be good companies but very difficult to identify. The major reason not selecting infra companies because most of them entered to the sector by seeing the immediate profit from the rise of sectors. It not seems everlasting but temporary. What do you think about my view? Do you feel it is wrong or have any point inside to write another article for you to this fantastic blog?

Sherin
The Money Maniac – Road to Financial Prominence

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khalid August 7, 2009

Sherin, thanks for your kind words, your point is valid that these companies of Infra and IT are making profit but past record dosn’t ive any hint for the future.
But in my opinion, India INC is growing fast to become a developed nation by 2020 and these two sectors you mentioned are the main sectors to play the role in Indian progress, so one should not hesitate to invest on them.
khalid

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