Electrotherm (India) has target of Rs 352: Tater

Published on Tue, Sep 21, 2010 at 11:23 |  Source : CNBC-TV18

Updated at Tue, Sep 21, 2010 at 12:37  

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Aashish Tater, Fort Share Broking

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Electrotherm (India) has target of Rs 352, says Aashish Tater , Fort Share Broking.

Tater told CNBC-TV18, "Electrotherm (India) is a backward integrated steel player with its largest blast furnace manufacturer in the world. Now if I see, the company is going to clock a sale of close to Rs 2,400 crore and sitting on a  marketcap of just Rs 300 crore, it is definitely undervalued."

He further added, "We feel that this stock has got tremendous potential and once potential unlocking happens into the stock, the stock can see even a four figure. However, the target for the day would be Rs 352."

  

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