Axis Direct is bearish on TTK Prestige has recommended sell rating on the stock with a target price of Rs 4020 in its research report dated February 07, 2017.
Axis Direct's research report on TTK Prestige
We trim FY17 sales growth to 4% (13% earlier) to factor Q3 performance; FY18 unchanged. We bring TTK’s target multiple in line with industry peers to 30x given TTK’s market-leading position and footprint; Maintain SELL with a revised TP of Rs 4,020 (30x FY18E).
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