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TTK Prestige soars on aiming to double turnover in 5 years

TTK Prestige is currently trading at Rs. 5621.00, up by 66.50 points or 1.20% from its previous closing of Rs. 5554.50 on the BSE.

The scrip opened at Rs. 5604.95 and has touched a high and low of Rs. 5640.00 and Rs. 5588.25 respectively.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 7,738.57 on 06-Mar-2019 and a 52 week low of Rs. 5046.65 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 5782.70 and Rs. 5496.35 respectively. The current market cap of the company is Rs. 7833.23 crore.

The promoters holding in the company stood at 70.41%, while Institutions and Non-Institutions held 18.92% and 10.67% respectively.

TTK Prestige is aiming to double its turnover by FY 2024-25. The firm, whose growth rate has come down to single digit, is aiming to get back to its double-digit growth journey again across the segments, such as pressure cooker, cookware, gas stoves, rice cookers and induction cooktops. Besides, the company has plans to expand its distribution network further and expects higher sales from fast-growing online channels.

TTK Prestige is the leading manufacturer of Pressure cookers in India and offers the most comprehensive range of kitchenware in the world. One of the greatest recent achievements for Prestige is their entry into the non-south market.

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