Limited downside in Ineos ABS, says Aashish Tater

Aashish Tater, Head of Research at Fort Share Broking feels that there is a limited downside in Ineos ABS.

Tater told CNBC-TV18, "Ineos ABS has been a pick right from 2010. Ineos ABS parent - Ineos ABS Jersey and BASF have actually gone to work on Styrolution which is an opportunity close to USD 6.5 billion globally and we expect that Ineos ABS being a baby of the parent would definitely get business from this."
He further added, "The company actually announced that delisting offer has just extended for Rs 605-606 and I think this is not the fair valuation for the stock. Take a call from annualized equivalent value that we have been playing for all the other stocks whether it