TTK Prestige gains 5% on bonus issue plan announcement

Shares of TTK Prestige surged 5 per cent to Rs 8,181 on the BSE in early morning trade after the housware company announced a maiden bonus issue plan.

The company's board of directors is scheduled to meet on Friday, March 29, 2019, to recommend the issuance of bonus shares.

In the past six months, the stock has outperformed the market by surging 30 per cent, as compared to 3 per cent rise in the S&P BSE Sensex. It touched an all-time high of Rs 9,290 on March 6, 2019, on the BSE in intra-day trade.

TTK Prestige had reported steady