Bullish on Cerebra Integrated Technologies: Mehraboon Irani, Nirmal Bang Securities

Mehraboon Irani, Principal & Head-Pvt. Client Group Business, Nirmal Bang Securities, in chat with ET Now, gives his call on Cerebra Integrated Technologies


Which stock are you recommending right now in mid-cap ideas?

A company, which I am quite confident and which can turn out to be a multi-bagger is Cerebra Integrated Technologies. Their present price is around Rs 39. They are setting up the largest e-based processing plant at Bangalore in collaboration with a company, which is based in Singapore called Cimelia. I have seen the plant in Cimelia, I am quite impressed by it. They are committing funds to this particular company right now, and they will ultimately hold around 25% equity in this with a three years lock-in, so at Rs 38-39. I will not be surprised that a year-and-a-half later you and I again are discussing this stock, and everybody is discussing it. The stock could possibly be even over Rs 70-80, that is our target for this stock.