Wendt looks good for long term: Tater

Wendt (India) is looking good for long term, says Aashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "Wendt India is an exact proxy to what Alpha Laval was where the promoters were paying to acquire new companies at an annualized equivalent value of 11.5-12%. Now this is one stock which we have been tracking as a delisting candidate for last one year. But now we have changed our view and we feel that this is a portfolio bet rather then just chasing a delisting candidate when it was hovering around at Rs 1000 mark."
He further added, "What is interesting me is that its parent Winterthur Technology has been taken over by 3M India. The company is promoted by two groups, an Indian promoter from the Murugappa group Carborundum universal and now 3M India and they control almost 78%. So I don