Buy Premier, says Ashish Tater

Buy Premier from a longer-term perspective. 100% jump can be expected over next 12-18 months perspective, says Ashish Tater, Head of Research, Fort Share Broking.

Tater told CNBC-TV18, "Premier is one stock where I feel there is a limited downside. The company recently announced that they are willing to exit or jointly develop their free hold land in Dombivali area, which can give them approximately Rs 650-700 crore of free cash flow. This is much higher than their current market cap and debts into the book that is their enterprise value.