Look at Ramco Industries, target Rs 110-125: Aashish Tater

Aashish Tater of FortuneWizard.com told CNBC-TV18, "At market cap of Rs 780-800 odd crore, Ramco Industries is sitting on investment of Rs 1,600 odd crore. So, that gives a valuation question and this time we expect approximately 25 percent profit jump across all the asbestos sheet companies. So, that will rerate the stock further. We feel the stock will test Rs 110-125 over next 3-4 months time."

"We feel that it has got good potential in the short to medium-term where the downside is capped because of its investment in Ramco Cements and as well as on other Ramco Group stocks. Thus, one can look for good risk reward at current level for this particular stock given that there is a rerating expected in the sector itself," he said.