TTK Prestige could offer good margin of safety on downside: Prakash Diwan
In a chat with ET Now, Prakash Diwan , Head-Institutional Clients Group, Asit C. Mehta Investment Intermediates Ltd. shares his views on TTK Prestige and Jubilant Foodworks.
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| Updated: In a chat with ET Now, Prakash Diwan, Head-Institutional Clients Group, Asit C. Mehta Investment Intermediates Ltd. shares his views on TTK Prestige and Jubilant Foodworks.
What about a choice between a TTK Prestige, Jubilant Foodworks and even an institutionally held Page Industries?
TTK has gone through a very different kind of a rerating of sorts after the fall it saw from those 3000 plus levels to 2700 whereabouts but given the kind of firmness that is already on to it could probably offer a good margin of safety on the downside but I do not think the upside is there to take. Jubilant of course there are concerns people have on valuation and I also belong to that camp and if things really go wrong globally or from a mood perspective these stocks tend to kind of loose a lot of ground that they have covered gradually. So I would not kind of people buying into it but definitely if I did have these stocks I would not be in a hurry to yet book profits and then probably wait for some higher levels to kind of get out of them in a partial way but at this point the levels to enter are not at all very conducive.
What about a choice between a TTK Prestige, Jubilant Foodworks and even an institutionally held Page Industries?
TTK has gone through a very different kind of a rerating of sorts after the fall it saw from those 3000 plus levels to 2700 whereabouts but given the kind of firmness that is already on to it could probably offer a good margin of safety on the downside but I do not think the upside is there to take. Jubilant of course there are concerns people have on valuation and I also belong to that camp and if things really go wrong globally or from a mood perspective these stocks tend to kind of loose a lot of ground that they have covered gradually. So I would not kind of people buying into it but definitely if I did have these stocks I would not be in a hurry to yet book profits and then probably wait for some higher levels to kind of get out of them in a partial way but at this point the levels to enter are not at all very conducive.
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