TTK Prestige has target of Rs 422: Joshi

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TTK Prestige has target of Rs 422: Joshi

TTK Prestige has target of Rs 422, says Investment Advisor, Sharmila Joshi.

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ALSO READ See previous views by Sharmila Joshi See what other Experts & Brokerages are saying about TTK Prestige See messages about TTK Prestige TTK Prestige BSE | NSE 17/02/12 Are Mutual Funds betting on TTK Prestige?

TTK Prestige has target of Rs 422, says Investment Advisor, Sharmila Joshi .

Joshi told CNBC-TV18, "TTK Prestige is the company that is kind of reinvented itself because it was known to be as a single product company. Now the company has really made the transition to a complete kitchen solution provider and they are very aggressive in introducing new products, new lines. I think next year will be an even better year than this year has proved to be so far for them."

She further added, "They have a retail model as well where they have about 196 stores spread across the states, so that's the model that they are going to follow going ahead. I expect this year to end with an EPS in the range of 30s. FY11 will be even better year where one might get an EPS between Rs 43-45. So, given that I have bought this stock with an intraday target of Rs 422."