This week, Bangalore based TTK Prestige appointed actors Abhishek and Aishwarya Rai Bachchan as brand ambassadors for its kitchen appliances. The deal is estimated to be worth Rs 6 crore annually.
For the last ten years, the company has given guidance and maintained it. But this year, TTK Prestige's TT Jagannathan finds it difficult to predict. Depending upon the power situation in the south, the economy, the growth, he feels the company should be able to achieve around 10-15 percent.
Building positive cash flow is not a simple task. TT Jagannathan, Chairman of TTK Prestige did exactly this. Take a look at the TTK Prestige story and you will know how to rise from the ashes not once but twice.
CRISIL Research has come out with its report on TTK Prestige. The research firm continues to use the discounted cash flow (DCF) method to value the company and loweres its fair value estimate to Rs 3,050 from Rs 3,250. However, has maintained fundamental grading of 5/5 and valuation grade of 3/5 to the company.
According to SP Tulsian of sptulsian.com, one may buy TTK Prestige at Rs 3,150 and sell the stock at around Rs 3,650.
Ambuja Cements | ACC | Reliance Communications | Bajaj Auto | Adani Ports | Kalindee Rail | Lakshmi Overseas | Centrum Finance| Ashoka Buildcon | Jet Airways | Hindustan Copper | IOC and Kingfisher Airlines are stocks, which are in the news today.
The larger concentration of the FII money seems to be in the midcap consumer stocks. Jubilant FoodWorks, Marico, Godrej Consumer lead the race in terms of FII ownership
The Nifty churns were almost 50 percent or higher over a decade compared to 25-30 percent seen in the developed markets. Significant emergence of new industries like IT and telecom led to a lot of churn in the index.
Sharmila Joshi of Peerless Securities is of the opinion that Q4 numbers by TTK Prestige are a hit and those of VIP Industries and Volatas are a miss.
Given the kind of steady performance shown by TTK Prestige, one can see the stock going back to Rs 4000 level, says Sharmila Joshi of Peerless Securities.
CRISIL Research has come out with its report on TTK Prestige. The research firm expects the growth momentum in the non-south markets to continue on the back of TTK's strong brand positioning, expanding distribution network and wide product portfolio including induction cooktops and inner lid pressure cookers.
Lancelot D Cunha, ITI Wealth Management is bullish on BGR Energy, Crompton Greaves, TTK Prestige and Jubilant Foodworks. He has recommended a buy rating on these stocks.
Aashish Tater, Head of Research, Fortunewizard.com advises to exit from TTK Prestige at current levels as there is limited upside in the stock.
TTK Prestige says it cannot predict recovery unless power shortage in Tamil Nadu is sorted out.
SP Tulsian of sptulsian.com is of the view TTK Prestige may slip to Rs 3200-3250 that will make it a good entry point from a short-term point of view.
TTK Prestige Q4 net sales were up 22 percent at Rs 283 crore versus Rs 232.5 crore, a year ago.
PN Vijay, Portfolio Manager said Reserve Bank of India's (RBI‘s) monetary policy and upcoming earnings season could set the market trend in the next three-four months.
CRISIL Research has assigned a fundamental grade of 5/5 to TTK Prestige. Sales growth was primarily driven by volume growth in pressure cookers and appliances.
Firstcall Research is bullish on TTK Prestige and has recommended buy rating on the stock with a target of Rs 3955 in its January 17, 2013 research report.
In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha, ITI Wealth Management shares trading strategy of the day.
Buy TTK Prestige, says Sudarshan Sukhani of s2analytics.com.
Kitchen appliances company TTK Prestige fell nearly 5 percent in initial trade on Thursday due to profit booking.
Technical analyst, Sudarshan Sukhani, s2analytics.com says since yesterday markets had a disappointing close, the short-term trading strategies will have to be reworked
On January 16, 2013 Fidelity Investment Trust Fidelity Emerging Markets Fund bought 65,663 shares of TTK Prestige at Rs 3,702.94 on the NSE. In the previous trading session, the share closed at Rs 3,734.90, up Rs 221.80, or 6.31%.
Kitchen appliances company TTK Prestige's net profit rose by 27.5 percent year-on-year to Rs 44.1 crore in the third quarter of current financial year 2012-13.