Balmer Lawrie has target of Rs 685: Ashish Tater

Balmer Lawrie has target of Rs 685, says Ashish Tater of Fort Share Broking

Tater told CNBC-TV18, "Balmer Lawrie has posted a stellar Q1 performance. I feel this performance could be the repeated for the full year and we have a very aggressive target on the stock from the medium to long term perspective." He further added, "If someone holds this stock from a 2-3 years perspective, I think this stock can easily see Rs 1500 onto the mark. It's available at a 4.5% dividend yield and for the next fiscal, we have an expectation of a Rs 33 dividend on the stock. Thus, this stock should be a portfolio bet for a longer term perspective and one can trade this stock with an intraday target of Rs 685." Click HERE to know the rules and follow the score card