Shares of kitchenware and appliance firm, TTK Prestige Ltd have been resilient so far, trading just about 1% lower from its pre-covid highs seen in January on NSE. Currently, the TTK Prestige stock trades at nearly 37 times estimated earnings for financial year 2022, based on Bloomberg data. By the September quarter, TTK Prestige’s revenues had seen a reasonable uptick, increasing by almost 3% year-on-year. TTK Prestige continues to be virtually debt free and has substantial free cash worth about ₹470 crore." Still, TTK Prestige stock’s valuations suggest investors are capturing the near-term demand potential adequately.

Source: Mint December 30, 2020 00:00 UTC