TTK Prestige jumps on posting strong Q2 results

Shares of kitchen appliances firm TTK Prestige have zoomed over 11% at Rs 4,260 on the BSE after the company posted a 21.65% increase in standalone net profit at Rs 34.04 crore for the second quarter ended September 30.

TTK Prestige's income from operations was up 9.94% to Rs 430.34 crore during the quarter under review as against Rs 391.41 crore last year.

The company had posted a net profit of Rs 27.98 crore in July-September period of 2014-15 fiscal, it said in a BSE filing.

The stock opened at Rs 3,873 on the BSE and reached a high of Rs 4,271. At 14:45 pm, more than 2 lakh shares exchanged hands on the counter of BSE and NSE.