Buy Patel Engineering around Rs 142-145: Ashish Tater

Buy Patel Engineering around Rs 142-145 for an intraday target of Rs 152, says Ashish Tater, Fort Share Broking

Tater told CNBC-TV18, ''Patel Engineering - the market cap to sales ratio is on attractive level. The company is sitting on an order book of Rs 10,000 crore, which is executable over next 2.5-3 years." He further added, "I feel the stock is a definitive candidate that would go and test close to Rs 182-190 mark in the medium term and Rs 262-270 from 12-15 months. I have an intraday target of close to Rs 152. This is one stock where we have been buying around Rs 142-145 mark." Click HERE to know the rules and follow the score card