Buy Television Eighteen (TV 18) on dip, says Aashish Tater, Fort Share Broking.
Tater told CNBC-TV18, "We are extremely bullish on TV18 and Network18 as a whole group. If I see the valuation of TV18, right now it is trading at 14-15% discount. This will take some time but if I take a bigger picture that the company shareholders are going to get 68 shares of CNN-IBN, that will have the media like CNBC-Awaaz, CNBC-TV18 and IBN and also 13 shares of Network18, we feel the stock has got tremendous potential."
He further added, "If someone has a potential to hold for 5-6 years, this stock is a true multibagger and should be bought at every dip, Rs 3-4 correction one can add to the portfolio with a longer-term target of over Rs 300 on the scheme of arrangement basis. Even we have a 15 months target on the stock close to Rs 200."
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