Fort Share Broking's multibaggers: Everest Ind, Jyothy Labs

Aashish Tater, head of research at Fort Share Broking shares his multibagger ideas on CNBC-TV18. He analyses Everest Industries and Jyothy Laboratories and his targets for both these stocks. He also gives his view on the dollar rupee dynamics.

Dollar Rupee
On December 20, we said that rupee-dollar equation is not favourable and is over speculated by at least Rs 3.50-4 and it corrected. Now the system price that we were pushing for has corrected. The rupee-dollar equation has good support around the 48.85 mark. Incidentally we are very close to the 200 DMA and if there is a reversal in terms of outflow from FII perspective, rupee can again go to that 51 level and there will be a huge trend reversal if 4,850 is taken on downside. We feel that could be a very good chance for the first one, then the latter. Everest Industries
Everest Industries, they have been pushing stories like Sahyadri Industries, Everest Industries and Hyderabad Industries because we feel these are stocks which did not have any business specific problems except for the fact that there was over capacity in the system for a particular period of time where the weaker hands have actually given their factories on lease to the strong players. That