Buy TTK Prestige, target price Rs 7500: IIFL

IIFL has buy call on TTK Prestige with a target price of Rs 7500. The current market price of TTK Prestige is Rs 6754.75.

TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 9610.46 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 725.63 Crore, up 13.98 % from last quarter Sales of Rs 636.63 Crore and up 23.56 % from last year same quarter Sales of Rs 587.27 Crore Company reported net profit after tax of Rs 83.84 Crore in latest quarter.

Investment Rationale
Stock has given an inverse head & shoulder breakout on the daily chart.