Munjal Showa has target of Rs 54.75: Tater

Munjal Showa has target of Rs 54.75, says Ashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "Munjal Showa - a stock from the Munjal Group is available at a dividend yield of close to 5%. I think this stock would definitely get further improvement in terms of price earnings multiples in days to come once momentum returns into the midcap and the smallcap space."
He further added, "I am playing for a day target of close to Rs 54.75 however on a longer-term basis I am comfortable investing into this particular stock around Rs 50-52 mark from a very longer-term perspective of close to Rs 120 odd levels."