Hold TTK Prestige, Somany Ceramics: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Investors holding on should continue holding on to both TTK Prestige is trying to expand its distribution network in the North of the country and they are pretty successful in all their product ranges whether that is cookware, cooking appliances and so on and so forth. With new product compliances and ranges expected to come through, my own take is that the earnings growth should be quite reasonable for TTK. So, anybody holding on should hold on to a stock like TTK Prestige.""What happened with Somany probably again is on two counts. The fall in Regasified Liquefied Natural Gas (RLNG) pries has basically reduced the power and fuel cost. Renegotiations that have probably happened will entail and ensure that the EBITDA margins hold out for Somany Ceramics. Again the kind of anti-dumping duty that one really expects to come through and has come through specifically in terms of porcelain and the vitrified tiles, should have some amount of effect in terms of how volume growth pans out for the company. So, if somebody holds on to both these stocks, continue holding on," he added.