TTK Prestige declines on reporting 8% fall in Q2 net profit

TTK Prestige is currently trading at Rs 3964.50, down by 30.20 points or 0.76% from its previous closing of Rs 3994.70 on the BSE. The scrip opened at Rs 4000.00 and has touched a high and low of Rs 4076.00 and Rs. 3886.70 respectively. So far 14064 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4830.00 on 28-Aug-2014 and a 52 week low of Rs. 2700.00 on 18-Mar-2014. Last one week high and low of the scrip stood at Rs. 4243.70 and Rs. 3969.25 respectively. The current market cap of the company is Rs. 4586.31 crore. The promoters holding in the company stood at 70.37% while Institutions and Non-Institutions held 23.41% and 6.21% respectively. TTK Prestige has registered 7.65% fall in its net profit at Rs 27.98 crore for second quarter ended September 30, 2014 as compared to Rs 30.30 crore for the same quarter in the previous year. However, total income from operations of the company has increased 10.02% at Rs 383.06 crore for Q2FY15 as compared Rs 348.17 crore for the corresponding quarter previous year. TTK Prestige, one of the oldest business houses in the country. Having initially pioneered and established a network of distribution, TTK Prestige moved to manufacturing, post-independence. Being a dynamic and fast growing company, it soon became the leading manufacturer of Pressure cookers in India and offered the most comprehensive range of kitchenware in the world.