Eveready Industries may hit Rs 230: Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "Eveready Industries has been rerated from last four to six months. It is almost on an all-time high and still it is the very nascent Rs 1000 crore industry and can have a potential of growing four to five times in the next five years. Projecting at a price target of say in near term even on the Budget time we can look at Rs 230. If at all any body wants to keep a stop loss then Rs 195-196 would be the stop loss."

At 14:59 hrs Eveready Industries India was quoting at Rs 206, up Rs 0.90, or 0.44 percent. It has touched an intraday high of Rs 209.40 and an intraday low of Rs 204.60.