TTK Prestige advances on bargain hunting

TTK Prestige rose 3.54% to Rs 6,335.15 at 15:21 IST on BSE on bargain hunting after declining 4.38% in the preceding two trading sessions to settle at Rs 6,118.40 yesterday, 3 August 2017, from its close of Rs 6,398.90 on 31 July 2017.

Meanwhile, the S&P BSE Sensex was up 94.23 points or 0.29% at 32,332.11. The S&P BSE Mid-Cap index was up 131.21 points or 0.86% at 15,466.33.

On BSE, so far 364 shares were traded in the counter as against average daily volume of 917 shares in the past one quarter. The stock hit a high of Rs 6,465 and a low of Rs 6,093 so far during the day. The stock had hit a 52-week high of Rs 6824.35 on 9 June 2017. The stock had hit a 52-week low of Rs 4,735 on 9 August 2016.

The stock had underperformed the market over the past one month till 3 August 2017, falling 4.39% compared with 3.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 5.87% as against Sensex's 7.97% rise. The scrip had also underperformed the market in past one year, surging 24.68% as against Sensex's 16.32% rise.

The mid-cap company has equity capital of Rs 11.65 crore. Face value per share is Rs 10.

TTK Prestige reported 139.47% jump in net profit to Rs 53.69 crore on 22.44% growth in total income to Rs 371.73 crore in Q4 March 2017 over Q4 March 2016.

TTK Prestige makes kitchen appliances under the Prestige brand.

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