Watch the interview of Aashish Tater of FortuneWizard.com with Reema Tendulkar & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Aashish Tater's interview with CNBC-TV18
Britannia Industries
"Britannia Industries is trading at a market cap to sales of 4 times. This has been a consistent play where market cap to sales of 4 times has been traded. Margin expansion has been an additional trigger for this particular stock. For next year also we expect 13 percent plus growth in terms of top-line and proximately 22-23 percent growth in terms of bottomline. Their premium segment is also doing very well, so we expect a target if Rs 2,550 over next one quarter. As there is an additional trigger, it is going to get into future & options (F&O) space which means there will be a lot of hedging and a slightly higher premium valuation that will be given because of the liquidity that will come into the system.""Britannia is one stock where we feel both based on results as well as from this technical points, the stock is ready for an upmove for a target of Rs 2,550 by next quarter," he added.
Zee Entertainment Enterprises
"Zee Entertainment Enterprises posted superb set of results. At current price we feel this has got at least 10-12 percent upside from current level. What is interesting is that markets was concerned over its new launches-&Pictures and &TV channels but we feel that Zee will be able to grow at much faster pace than its peers.""At current level, we feel this is relatively undervalued and has got upside. Even on results front, all the segment have been doing very well. We feel target of Rs 348 by next quarter is likely achievable. So from that angle we feel this is one stock which has made a good bottom from technical perspective and is ready for an upmove," he said.
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