Earlier, I had posted about the target price of TTK Prestige in this post as per its expected intrinsic value, and later in a follow-up post when the target was achieved as early as in 1.5 months. In this second follow-up post, when the price of the stock is back down from the peak of Rs. 1000, I update my strategy ahead with the stock.
As per the financial statements of the past year, my target price still remains intact at close to Rs. 1000, wherefrom the stock is down to Rs. 750(NSE) currently, available at 25% discount. With the Indian rural consumption expected to increase post Budget 2023, the story for the company remains good. With this in mind, I am definitely increasing my ownership further in this debt-free stock for hefty gains in long run.
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