Accumulate TTK Prestige, target price Rs 9750: Geojit

Geojit has accumulate call on TTK Prestige with a target price of Rs 9750. The current market price of TTK Prestige Ltd. is Rs 8850. Time period given by analyst is one year when TTK Prestige price can reach defined target.

TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 12278.43 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 603.39 Crore, down -17.84 % from last quarter Total Income of Rs 734.37 Crore and up 42.12 % from last year same quarter Total Income of Rs 424.57 Crore. Company reported net profit after tax of Rs 85.36 Crore in latest quarter.

Investment Rationale
Second wave of Covid-19 is likely to impact in the near-term, but long-term demand outlook is positive given ongoing vaccination and strong thrust of GoI to revive the economy.

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