TTK prestige

I stopped watching TTK Prestige after it met my target. See below notes. At present price of 1650-1700, I think it is fully valued. Because of the low float, it may still go up to 1860 in the next few weeks and finally touch 2020 by mid year 2011. But I will not buy it unless there is a correction to around 1400. TTK Prestige can move up very fast and can come down fast too.

Sep 30: My target for TTK Prestige was 1255, script currently at 1203. please book profits now...25-26% profit in 2.5 months is not bad..let us not be greedy

On Wed, Sep 29, 2010 at 12:52 PM, powerfulpicks wrote:

 

powerfulpicks call update: TTK Prestige has broken its shackles finally. Below call is on target to be achieved before time. Enjoy making money with powerfulpicks...

 

From: powerfulpicks@yahoogroups.co.in Sent: Thursday, July 15, 2010 11:51 AM
Subject: [powerfulpicks] Buy TTK Prestige Limited on dips

 

This has run up a lot because number of shares in the market are low (less liquidity), but now it is trying to form a base around 1000. Excellent management, full of innovative ideas and a potential earning growth of 25-30% in FY 2011 (Indian consumers are buying once again, especially home products like cooking and food) means that the stock has lot of steam still left. I somehow feel that a split or bonus may be offered in another 6-8 months time. Buy this guy on dips around or below 1000 for a 1 year target of 1255 (+25%)