1. TTK Prestige share price surges around 12% after reporting profit of Rs 34.04 cr

TTK Prestige share price surges around 12% after reporting profit of Rs 34.04 cr

TTK Prestige share price jumped over 10 per cent intraday on Wednesday after the company announced 21.66 per cent rise in net profit figures for the quarter (Q2) ended September 30, 2015.

By: | Updated: October 14, 2015 4:36 PM
TTK Prestige share price

TTK Prestige share price jumped over 10 per cent intraday on Wednesday after the company announced 21.66 per cent rise in net profit figures for the quarter (Q2) ended September 30, 2015. (Express Photo)

TTK Prestige share price jumped around 12 per cent on Wednesday after the company announced 21.66 per cent rise in net profit figures for the quarter (Q2) ended September 30, 2015. The company has reported a net profit of Rs 34.04 crore for the quarter as compared to Rs 27.98 crore in the same quarter last year.

 

The share price of the company closed 11.99 per cent up at Rs 4,280.20.

The company’s total income has increased by 10.47 per cent to Rs 423.17 crore for the quarter under review from Rs 383.06 crore in the corresponding quarter of the previous year.

Last one week high and low of the scrip stood at Rs 4,260 and Rs 3,605 respectively. The current market cap of the company is Rs 4,923 crore.

The promoters holding in the company stood at 70.37 per cent, while institutions and non-institutions held 21.94 per cent and 7.68 per cent respectively.

The BSE group ‘A’ stock of face value Rs 10 touched a 52 week high of Rs 4401.00 on 21-Jul-2015 and a 52 week low of Rs 2989.00 on 27-Feb-2015.

TTK Prestige is one of the oldest business houses in the country. Having initially done pioneering work and established its distribution network, TTK Prestige moved to manufacturing, post-Independence. Being a dynamic and fast growing company, it soon became the leading manufacturer of pressure cookers in India and offered the most comprehensive range of kitchenware in the world.

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