Stock analysis: TTK Prestige (TTKPRESTIG)

About :

TTK Group  company is in the Indian based company and has  a  many segments of industry i.e  consumer durables, pharmaceuticals and supplements, bio-medical devices, maps and atlases, consular visa services, virtual assistant services and health care services.

TTK Prestige is in the Domestic Appliances sector. It was started on 1955 and engaged in manufacturing pressure cookers and kitchen appliances like pressure cookers, non-stick cookware, gas stoves, rice cookers, induction cooker, kitchen hoods, coffee makers, kettles, sandwich toasters, mixer grinders, wet grinders and many other domestic kitchen products. TTK prestige is the No.1 in Kitchen product in India.  It’s the first kitchenware company in India to receive the ISO 9001:2000 certification.

BSE code for TTK prestige is 517506 and NSE code for this stock is TTKPRESTIG.

Current news:

TT Jagannathan, chairman of TTK Prestige expects Double digit revenue for the in the fourth quarter of FY15. He also says there has been an improvement in the December quarter for 2014. However, the margins will be under pressure for FY15 as top-line has been sluggish, he hopes it will reverse in FY16 and expect 25 percent growth in FY16.

My Analysis:

 TTK Prestige yesterday closed was Rs 3596.00, net change percentage was 5.31. The 52-week high of the share was Rs 4830.00 and the 52-week low was Rs 2700.00.TTK Prestige was an awesome stock in past making huge profit to traders. I am expecting TTK Prestige will stay within range of 3350-3550 for a while.

I request all to wait till it reaches to 3200 to 3250 level, so we can buy this stock at 3200 to 3250.My first target for this stock for long term is 3900 and second target is 4000. It is a good investment stock for long term profit. Compare to last year we can expect good quarter result for this financial year.