Munjal Showa has target of Rs 56: Tater

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Munjal Showa has target of Rs 56: Tater

Munjal Showa has target of Rs 56, says Ashish Tater of Fort Share Broking.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashish Tater See what other Experts & Brokerages are saying about Munjal Showa See messages about Munjal Showa Munjal Showa BSE | NSE 30/05/12 Are Mutual Funds betting on Munjal Showa?

Munjal Showa has target of Rs 56, says Ashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "Munjal Showa a Munjal Group company available at an attractive dividend yield of close to 5%. I think this stock would definitely deserve some re-rating going forward."

He further added, "Looking at its results, robust growth in terms of topline and bottomline, which is expected to do even better for next year. I think the stock definitely deserves close to Rs 100 from 2.5 year perspective. However, I
am playing for a day target of close to Rs 56."