Will look for a correction in TTK Prestige: Mehraboon Irani

In a chat with ET Now, Mehraboon Irani, Principal & Head-Private Client Group Business, Nirmal Bang Securities shares his views on TTK Prestige:

ET Now: What is the view on TTK Prestige, a bit of correction coming in post earnings?

Mehraboon Irani: Very expensive in terms of valuation but a stock which I have always liked so I would possibly wait for a correction and look at it afresh. I was also concerned about the power cuts happening in the state where the company operates and looking at the valuation we definitely advise our investors more than a month ago to possibly exit from the counter with the intention of looking at it again. According to me for the stock as well as possibly for investors to take a fresh look at it. It is a great company otherwise.