Buy Esab India, says Aashish Tater

Buy Esab India, says Aashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "On July 7, 2011 we suggested that Esab India would come with an open offer around Rs 550-600 because charter would have been taken over by some strong hands. Fifty five percent is already owned by promoter, 20% is in strong hands like FIIs and DIIs and remaining float is 18-20%. They have come out for 26% open offer. Now, the weak hands would go and tender the stock and then the actual story would begin."

He further added, "If we look at it from the parent