Buy Premier, says Ashish Tater

Buy Premier, says Ashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "I would like to buy Premier, one stock where we feel there is tremendous potential going forward. If I look into the enterprise value of the company it roughly works around Rs 450-500 mark, the company is into talks to sell its land bank which is worth Rs 650 odd crore. With this the company would substantially reduce its debt and will become a debt free company."
He further added, "We have an estimate of close to Rs 15-16 Earnings Per Share (EPS) for 2013-2014. Thus even if I assign PE multiple of 11-12 odd times it roughly works around to Rs 180 odd mark. I am playing for an intra-day target of Rs 96."