TTK Prestige soars 15% on strong Q2 results; board okays 10:1 stock split

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

Shares of TTK Prestige zoomed 15 per cent to hit a record high of Rs 11,137 on the BSE in Wednesday’s intra-day trade after the company reported a strong set of numbers for the quarter ended September 2021 (Q2FY22). Furher, the company's board also approved sub-division/split of equity shares from face value of Rs 10 each to Re 1 each.

The stock of houseware company surpassed its previous high of Rs 10,586 touched on October 19, 2021. At 02:30 pm; it was trading 13 per cent higher at Rs 10,888, as compared to 0.14 per cent fall in the