Saint-Gobain can touch Rs 50: Aashish Tater

Aashish Tater, Head of Research, Fort Share Broking is of the view that Saint-Gobain Sekurit can touch Rs 50.

Tater told CNBC-TV18, "Saint-Gobain recently announced delisting with an indicative price of close to Rs 31 odd mark. But I have a feel that this particular stock would be delisted somewhere around the broad range of Rs 45-55. This gives me a median target of close to Rs 50 once the process for delisting actually comes through.Talking about the rationale for this company to get delisted, this company is owned by Saint-Gobain France which is one of the premium companies across the world. It is amongst the top 100 companies. If I take a valuation call the company has started moving up. The company recently posted an EPS of 20% up year-on-year and this is just a beginning for the company. This is the second largest player in the automobile sector in the glass segment after Asahi India Glass looking at the broad valuation gap in terms of market gap. This is because the sales have not been calibrated to the brand name of Saint-Gobain." He further added, "So, with it