It was kitchen appliance day too. TTK Prestige, a stock I’ve been tracking for a while now, has just hit another all time high at 3,032. Brilliant, I say.
Yes, this stock has gone nuts, but what can you say when it delivers another 58% growth in Net Profit? And even the trailing 12 month EPS, at Rs. 82 per share, is higher by 52% from last year’s figure of Rs. 54 per share.
Which, as you can see, is still higher than the current P/E at the new all time high, is still a benign 36.
(Yes, it could be slowing, we’ll find out next two quarters)
Hawkins Cookers, the BSE Only competitor to TTK Prestige, also made a new high. I don’t buy BSE-only stocks for the simple reason that I haven’t filled up the darn form to trade BSE stocks, and also that I’m not very happy if a company won’t list on the NSE for any reason. But there are awesome BSE only stocks, I must say, and Hawkins is one of them.
Thoughts?
Disclosure: Long TTKPrestige.
