Street signs: TTK Prestige rally, debt SIPs on the rise, and more

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

More steam left in TTK Prestige rally
 
Shares of TTK Prestige, a manufacturer of kitchen appliances and cookware, have gained 40 per cent this year. Analysts believe there is more steam left in the rally. Domestic pressure cooker manufacturers are likely to benefit from low penetration, lack of competition and shift towards premiumisation. Analysts said the pressure cooker market offers growth of 9 per cent per annum and less presence of multinational companies in this segment and the resultant low competition will help domestic players achieve stable profitability. "Introduction of pressure cookers which can be used on gas stoves