REC has target of Rs 209.80: Ashish Tater

REC has target of Rs 209.80, says Ashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "Rural Electrification Corporation is available at a PE to growth ratio of less than 0.4 times, available at a price earning multiple of 6 times. I think the stock definitely deserves re-rating. I am playing for a day target of close to Rs 209.80."