Bharat Bijlee an investment bet: Tater

Bharat Bijlee is an investment bet on spread basis, says Aashish Tater, Head of Research, Fort Share Broking.

Tater told CNBC-TV18, "Bharat Bijlee was covered by us on October 19, we had suggested that after Q2 results people would be disappointed. This is because Q1 did not reflect actual numbers since a large part was extra ordinary income. We felt that the stock could correct to Rs 620 levels but it corrected to almost Rs 590. With Rs 340 crore market cap this is one stock we definitely warrant attention from longer term investor from spread to spread basis." He further added, "From balance sheet perspective, it holds blue chip companies