Technical chart shows that select stocks such as Raymond, TTK Prestige and Engineers India which dropped out of the elusive club can slide another 19 per cent from here on.
Expansion plan comes at a time when consumer spending is slowing in urban India, which in part resulted in a 6.4 per cent annual drop in the company's profit in the October-to-December period
TTK's consolidated net profit fell to Rs 58.45 crore ($6.8 million) in the quarter ended Dec. 31, from Rs 62.4 crore a year earlier
Shares of TTK Prestige surged 6.12 per cent at Rs 927.75 a piece on the BSE