TTK Prestige

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

The Bengaluru-based company's consolidated net profit fell to 594.5 million rupees ($7.18 million) in the three months ended March, from 800.2 million rupees a year earlier

With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys

The technical analyst also recommends to hold Nifty longs with a stop at 16,300; on the upside, he expects resistance for the NSE benchmark around 16,800.

TTK Prestige said the rationale behind the stock split is to facilitate larger shareholder base, to increase the liquidity and to make the shares more affordable to investors

A stock split is generally done to make the scrip more affordable for small retail investors and increase liquidity

L&T Infotech and UltraTech Cement are likely to react to Q2 numbers this morning, while focus shall also be on Hindustan Unilever, ACC and other stocks ahead of September quarter results

Investors, especially high net-worth individuals (HNIs), rely heavily on grey market signals for punting on any IPO

Kitchen appliances maker TTK Prestige on Tuesday said it has concluded a long-term settlement covering all its workmen at the manufacturing unit in Gujarat

In the grey market, shares of Stove Kraft were commanding a premium of Rs 30-40 per share

The company says demand across categories is robust, many of its stores are out of stock and that the firm able to meet neither domestic nor export requirements

They say kitchen improvement is likely to be a top priority in Indian homes; customers may also go for local products instead of Chinese-made ones

This will make it tough for many of them to service their fixed costs, such salary and wages, as well as interest on their loan.

While it is launching 30 SKUs in the home cleaning range, other products in the electrical and non-electrical spaces are on the drawing board

Besides, TTK Prestige has plans to expand its distribution network further and expects higher sales from fast-growing online channels.

Premium homes, changing lifestyles help organise the fragmented kitchen appliances market, encourage brands to step up the game

TTK Prestige standalone net profit rises 18.37% in the September 2017 quarter