Accumulate Vesuvius India on every dip: Tater

Accumulate Vesuvius India on every dip. There is limited downside with definite potential upside of 200% from 3-4 years, says Aashish Tater, Head of Research, Fort Share Broking.

Tater told CNBC-TV18, "Vesuvius India is just a proxy story that we have been pushing for Alfa Laval. In fact Vesuvius India has been one of my top picks right from 2009 when it used to hover around at Rs 100 marks. The reason was that annualize equivalent value that parent pays to acquire companies across the globe were much higher than what the company was available at. That means even going forward there is lot of potential."
He further added, "Now there has been a fundamental development for this particular company because it