TV 18 has target of Rs 91, says Aashish Tater, Fort Share Broking.
Tater told CNBC-TV18, "We feel TV 18 has got tremendous potential in the longer-term. Look at the valuations of yahoo and gmail, we feel in.com is not valued at even 5% of what these companies are valued. This is an Indian company with a very good reach and potential to be a true multi-bagger say 5-7 years down the line."
He further added, "It is just that the company has just started and is at a very nascent stage. The stock has to go a long way to prove its credibility and thus we have a medium to longer-term target of Rs 200 on to the TV 18 exchange ratio group in 15-18 months and for someone who wants to invest on every dip and want to have an systematic investment plan can look into this stock and Network 18 as a group. The target price for the day is at Rs 91."
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