Buy TTK Prestige; target of Rs 10675: ICICI Direct

Trading Calls - Equity F&O

ICICI Direct is bullish on TTK Prestige has recommended buy rating on the stock with a target price of Rs 10675 in its research report dated July 28, 2021.

Broker Research

July 29, 2021 / 02:29 PM IST

buy_27632668

buy_27632668

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ICICI Direct’s research report on TTK Prestige

TTK Prestige is India’s leading player in kitchen solutions and has successfully transformed itself from a company manufacturing pressure cookers to having an entire gamut of home and kitchen appliances. It continues to be market leader in the cooker segment and has material share in other appliance and cookware categories Over the years, the company has maintained its balance sheet strength with strong cash reserves and healthy RoIC of 30%+

Outlook

We continue to remain positive and maintain our BUY rating on the stock We value TTK at Rs 10675 i.e. 44x FY23E EPS

For all recommendations report, click here

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