Phillips Carbon Black can test Rs 300: Aashish Tater

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Phillips Carbon Black can test Rs 300: Aashish Tater

Aashish Tater, Fort Share Broking is of the view that Phillips Carbon Black can test Rs 300 in the longer-term.

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ALSO READ See previous views by Aashish Tater See what other Experts & Brokerages are saying about Phillips Carbon See messages about Phillips Carbon Phillips Carbon BSE | NSE 30/05/12 Are Mutual Funds betting on Phillips Carbon?

Aashish Tater , Fort Share Broking is of the view that Phillips Carbon Black can test Rs 300 in the longer-term.

Tater told CNBC-TV18, "Phillips Carbon is an interesting story that I feel has been ignored by the market because a company like Phillips Carbon owned by RPG Group available at just Rs 211 which is expected to post an EPS of close to Rs 60-70 by FY12, we feel the stock is terribly underpriced. What interest me into this particular stock is that the company has actually gone for a capacity expansion from 360,000 odd tonne of carbon black to 475,000 that will directly translate into an EPS accretion from this year onwards. We feel the stock can easily test Rs 300 in the longer-term but however there are concerns regarding liquidity into the stock because at times the stock gets illiquid, at times it gets lot of accumulation on the charts. We feel the stock has got tremendous potential and should not be traded on daily basis however the target for the day is Rs 219.50."