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Exit TTK Prestige, says Aashish Tater

Aashish Tater, Head of Research, Fortunewizard.com advises to exit from TTK Prestige at current levels as there is limited upside in the stock.

May 17, 2013 / 18:59 IST
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Aashish Tater of Fortunewizard.com told CNBC-TV18, "We do not have an exact coverage on TTK Prestige, but previously when it used to be into F&O space we felt that the growth trajectory that company is into is almost factored in and it had no upside and almost one and half years down the line also the stock is hovering around those levels."

He further added, "Even looking at numbers though the numbers were a bit on the upper side of the market estimates, but we feel still given it is just because of the low liquidity float the company is able to enjoy these premium valuations, but we do not feel that there is much of an upside from current levels at least for next two to three quarters, thus one can actually book out of this particular stock."
first published: May 17, 2013 06:59 pm

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