TTK Prestige drops on profit taking

Meanwhile, the BSE Sensex was up 24.14 points or 0.12% at 19,687.69.

On BSE, 4,701 shares were traded in the counter as against average daily volume of 18,187 shares in the past one quarter.

The stock hit a high of Rs 3,627.75 and a low of Rs 3,525.10 so far during the day. The stock had hit a record high of Rs 3,996 on 10 October 2012. The stock had hit a 52-week low of Rs 2,151.40 on 16 January 2012.

The stock had underperformed the market over the past one month till 10 January 2013, sliding 2.46% compared with the Sensex's 1.31% rise. The scrip had also underperformed the market in past one quarter, declining 1.59% as against Sensex's 5.54% surge.

The mid-cap company has equity capital of Rs 11.32 crore. Face value per share is Rs 10.

Shares of TTK Prestige had gained 4.95% in four trading sessions to settle at Rs 3,615.55 on Thursday, 10 January 2013, from a recent low of Rs 3,444.85 on 4 January 2013, after the company on 7 January 2013 said it has secured Japan patent for microwave pressure cooker.

TTK Prestige's net profit fell 10.2% to Rs 30.28 crore on 10.6% growth in net sales to Rs 335.55 crore in Q2 September 2012 over Q2 September 2011. The company unveils Q3 December 2012 results on 16 January 2013.

TTK Prestige makes kitchen appliances under 'Prestige' brand.

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