Everest Industries may rally to Rs 260: Aashish Tater

Tater told CNBC-TV18, “The entire asbestos companies that we covered we have been recommending our clients and even on the multibagger shows that Everest Industries, Vishakha every player in the sector would see a sharp jump in profits for one simple reason, the capacity from weaker hand has shifted to strong hands and they have been starting leasing out their factories to these strong players. The entire maths has again changed.”

He further added, “We have been working around somewhere around Rs 260 odd mark for Everest Industries, but the call is that it’s not necessary that stock will go and test that Rs 260 odd mark. Maybe the story will fizzle somewhere between Rs 250-240. Take a long call from next two to three months perspective because the best quarter is always Q1 where the stock normally sees pitting out. So one should book out from the stock somewhere in the Q1 quarter itself where we still feel there could be a possible upside of almost 40-50% across the sector.”