TTK Prestige Shares Jump On Good Quarterly Numbers

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Shares in TTK Prestige gained 6 per cent to trade at Rs 4,620 on the Bombay Stock Exchange, following a good set of quarterly numbers.

The Company posted a net profit of Rs 216.20 million for the quarter ended March 31, 2016 as compared to Rs. 97.60 million for the quarter ended March 31, 2015.

 TTK Prestige Shares Jump On Good Quarterly Numbers
Total Income increased from Rs. 2872.40 million for the quarter ended March 31, 2015 to Rs. 3107.00 million for the quarter ended March 31, 2016.

TTK Prestige manufactures kitchen products under the brand name Prestige. The product range of the company includes pressure cookers, pressure pans, cookware, kitchen appliances, ovens, mixers and grinders, toasters and grills etc.

The company has a very small equity base and is a good cash rich company. Because of the small equity base, the stock tends to flare-up on even a little buying interest.

Shares of TTK Prestige were last trading at Rs 4620.

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