TTK Prestige surges after robust Q4 results

TTK Prestige rose 7.89% to Rs 4,691.95 at 13:24 IST on BSE after net profit jumped 121.51% to Rs 21.62 crore on 8.16% growth in total income to Rs 310.70 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 23 May 2016.

Meanwhile, the S&P BSE Sensex was up 8.30 points or 0.03% at 25,310.20.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 538 shares in the past one quarter. The stock hit a high of Rs 4,735 and a low of Rs 4,400 so far during the day. The stock had hit a record high of Rs 4,970.95 on 29 December 2015. The stock had hit a 52-week low of Rs 3,520.70 on 24 August 2015. The stock had underperformed the market over the past one month till 20 May 2016, declining 5.87% compared with Sensex's 2.1% fall. The scrip had also underperformed the market in past one quarter, advancing 3.87% as against Sensex's 6.72% rise.

The mid-cap company has equity capital of Rs 11.64 crore. Face value per share is Rs 10.

TTK Prestige makes kitchen appliances under the Prestige brand.

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