FIEM Industries has target of Rs 190: Ashish Tater

FIEM Industries has target of Rs 190, says Ashish Tater, Fort Share Broking.

Tater told CNBC-TV18, "FIEM Industries is one stock which interests me because of its alliance with ICHIKO Japan. If I see into their two memorandum of understanding with ICHIKO, which has an alliance with Value, the France based company I think this stock can actually get re-rated once ICHIKO to takes economic interest into the company. It makes a lot of sense for ICHIKO to take economic interest in the company, which will reduce the debt burden substantially. If I look into the performance of the company the company has been languishing in terms of stock prices.