BOC India can give 50-60% return: Aashish Tater

BOC India can give 50-60% return over next one year, says Aashish Tater, Head of Research at Fort Share Broking.

Tater told CNBC-TV18, "We have been pushing BOC India right from Rs 220 because we felt that people are looking at trailing PE, but if looks into the earning potential of the business the stock was trading at mouth-watering levels. Looking at its stellar performance, for this quarter it delivered an EPS of Rs 5 and we are working with Rs 20 for next fiscal in terms of earnings per share."
He further added, "My own calculation on the stock was that annualised equivalent value should be around 13-14%. If the company moves for delisting which it eventually will, it should get at least Rs 500 on the stock when it comes to delisting. The idea here is that if you want to invest, invest like an Indian investor, so you are comfortable investing in this particular stock around Rs 330 odd mark."
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