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.

Nifty holds 7800 amid pressure; Infosys, TCS, Hero shine

The 50-share NSE Nifty managed to claw back above the 7800 level amid selling pressure, down 40.70 points or 0.52 percent at 7819.25 while the 30-share BSE Sensex declined 154.95 points or 0.59 percent to 26142.43. The broader markets slipped too with the BSE Midcap and Smallcap indices falling 0.6 percent and 0.25 percent, respectively. About 787 shares have advanced, 1009 shares declined, and 56 shares are unchanged on the Bombay Stock Exchange. Sandip Sabharwal of asksandipsabharwal.com is not surprised by the recent fall in the Indian market. He says the dollar rally was indicative of pullout of risks. Markets across the globe, developed markets included, always resist the fall initially and then give up, he adds. In this context, it is very difficult for a country like India to move up in the face of a troubled macro-economic situation. Wipro extended losses, down 2.5 percent followed by Cipla with 2 percent decline. ITC, Reliance Industries, HDFC Bank, ICICI Bank, Larsen and Toubro, Mahindra and Mahindra, ONGC, Bharti Airtel, Dr Reddy's Labs and NTPC lost 1-1.7 percent. However, Infosys, TCS and Hero Motocorp outperformed, up over a percent. State Bank of India, Axis Bank, Tata Steel and Hindalco Industries traded with marginal gains.

Nifty breaks 7800, Sensex falls 180 pts; Tata Motors drops

The 50-share NSE Nifty breached 7800 level for the first time since August 18, 2014, down 61.55 points or 0.78 percent at 7798.40. The 30-share BSE Sensex fell 179.46 points or 0.68 percent to 26117.92. About 621 shares have advanced, 828 shares declined, and 50 shares are unchanged. Shares of Tata Motors, Bharti Airtel, ICICI Bank, HDFC Bank, ITC, L&T and Wipro declined 1-2.5 percent while Infosys, Hero Motocorp and TCS bucked the trend.