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TTK Prestige drops on profit booking

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Capital Market

TTK Prestige lost 8.98% to Rs 3,752 at 15:17 IST on BSE, with the stock declining on profit booking after recent rally.

Meanwhile, the BSE Sensex was down 120.33 points, or 0.47%, to 25,463.36

On BSE, so far 12,147 shares were traded in the counter compared with average volume of 5,752 shares in the past one quarter.

The stock hit a high of Rs 4,100 and a low of Rs 3,750 so far during the day. The stock hit a record high of Rs 4,357.95 on Tuesday, 10 June 2013. The stock hit a 52-week low of Rs 2,700 on 18 March 2014.

 

The stock had outperformed the market over the past one month till 10 June 2014, surging 33.46% compared with the Sensex's 11.26% rise. The scrip had also outperformed the market in past one quarter, jumping 43.15% as against Sensex's 16.64% rise.

The mid-cap company has an equity capital of Rs 11.64 crore. Face value per share is Rs 10.

Shares of TTK Prestige were on a roll recent, advancing 26.68% to Rs 4,122 on 10 June 2014 from a recent low of Rs 3,253.70 on 2 June 2014.

TTK Prestige's net profit fell 6.5% to Rs 26.21 crore on 3.8% fall in net sales to Rs 272.52 crore in Q4 March 2014 over Q4 March 2013.

TTK Prestige makes kitchen appliances under 'Prestige' brand.

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First Published: Jun 11 2014 | 3:29 PM IST

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