Targets on ESAB India is about 710 and CMC about 1710: Gaurang Shah

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services

CMC Limited and ESAB India, what are the price targets?

Targets on ESAB India is about 710 and CMC about 1710. Both these companies are into very interesting fields of sectors, ESAB into building equipment which goes into sectors like engineering, energy, petrochemicals, shipbuilding, transportation, infrastructure etc. etc. Market share has improved to a great extent and the performance of the company was quite good than what the street was expecting. The stock quoted at around about 591 as of today's market price and we have target of 710. CMC interestingly is one of the pioneers IT solution companies in India. They have traditionally been linked into lower margin verticals but going forward, they have specialised into a couple of interesting areas like training and of course education.