Esab India has target of Rs 550: Tater

Esab India has target of Rs 550, says Ashish Tater of Fort Share Broking

Tater told CNBC-TV18, "Esab India is one stock where we feel the parent itself is a takeover candidate. We expect better realizations for Charter from Melrose and we expect the open offer to be revised, which will trigger 20% mandatory offer on Esab India." He further added, "We have a medium term target of Rs 600 and a long term target of Rs 1,000 on the stock; I am playing for an intraday target of Rs 550." Click HERE to know the rules and follow the score card