TTK Prestige can touch Rs 3120, says Anil Manghnani of Modern Shares & Stock Brokers.
Manghnani told CNBC-TV18, "I think we got caught up in the hype of the index that we do miss out there are lot of stocks within the market that do correct even while the market is going up and classic example is Adani Exports, it went from Rs 455 to Rs 350 and now bouncing, Adani Power went from Rs 92 to Rs 68, now moving up. Voltas went from Rs 110 to Rs 93 then bounced to Rs 120. I think TTK Prestige is another one that after rallying sharply is pulling. So this fall can be bought and again you should see a bounce back to about Rs 3,120."
TTK Prestige trailing 12-month (TTM) EPS was at Rs 73.98 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 40.82. The latest book value of the company is Rs 167.23 per share. At current value, the price-to-book value of the company was 18.06. The dividend yield of the company was 0.41%.
