TGB Banquets may test Rs 160-180: Aashish Tater

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26 Aug, 2025 12:21

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Aashish Tater of FortuneWizard.com told CNBC-TV18, "If you see TGB Banquets and Hotels we think this is going to be a game changer for 2016 in specific because the company now is going to hive off its Surat property and will get a cash that will realise and monetise entire debt and still will be left with Rs 120 crore odd.""If you look into the Bombay Stock Exchange (BSE) circular that the company gave the business plan for that they will look into entering into readymade food businesses I was just looking at the proxy bets. You are getting a company that will have a potential to do Rs 100 crore odd of sales this year backed by almost - because they will be spending this entire cash that now they will be sitting on for further expansion, we think this is one big business proxy that is available.""Now, what they are doing is they will still be managing the properties under them but they will only be managing it. So, the entire asset light model will definitely help them in terms of growing fast and the second aspect of their business is about their quick service restaurants and readymade food businesses that they have talked about in the presentation we think that this can be a game changer because people will look at it from a different perspective rather than just a hotel stock with asset heavy company not been able to deliver," he added."A lot of changes that is going to happen in this particular stock and we feel that this can be a stock to watch for in 2016. I would just like to put a target of Rs 160-180 but we would just see a revision over there also. We just want that the company delivers as they have been talking about. Once that happens we think this will be just the beginning of the story," he said.