Buy TTK Prestige at Rs 3150: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "What I liked about TTK Prestige is that whenever it corrects to a level of Rs 3,100 or so it swiftly moves back to Rs 3,600. In spite of the little dull Q1 numbers on the topline, they have posted flat numbers on Q-o-Q basis, but on the EBITDA front or maybe on the operating profit front there is a marginal decline."

"However, once the level of Rs 3150 is reached it is a good entry point because the only negative is that this is not available in the F&O. So, one can't take position, one has to be in the cash segment, but this is very good stock from a short-term trading point of view. Look for buying at Rs 3,150 and look to exit at Rs 3,650 maybe in a month or so," Tulsian said. The share touched its 52-week high Rs 3,996.00 and 52-week low Rs 2,980.00 on 10 October, 2012 and 21 June, 2013, respectively. Currently, it is trading 18 percent below its 52-week high and 9.96 percent above its 52-week low. Market capitalisation stands at Rs 3,716.17 crore.