TTK Prestige trades in pink of its health on the BSE

TTK Prestige Ltd. | Consumer Durables - Domestic Appliances | Consumer Durables | BSE: 517506 | NSE: TTKPRESTIG

27 Nov 2012 Evaluate

TTK Prestige is currently trading at Rs 3,531.90, up by 46.65 points or 1.34% from its previous closing of Rs 3485.25 on the BSE.

The scrip opened at Rs 3504.00 and has touched a high and low of Rs 3563.00 and Rs 3504.00 respectively. So far 10897 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 3996.00 on 10-Oct-2012 and a 52 week low of Rs 2151.40 on 16-Jan-2012.

Last one week high and low of the scrip stood at Rs 3563.00 and Rs 3328.60 respectively. The current market cap of the company is Rs 4003.44 crore.

The promoters holding in the company stood at 74.91% while Institutions and Non-Institutions held 16.07% and 9.01% respectively.

TTK Prestige has received an approval for scheme of arrangement between company and Triveni Bialetti Industries (TBI) subject to the approval of shareholders in general meeting and confirmation by the high courts of Chennai and Mumbai. The above scheme of arrangement if approved and confirmed by the courts shall demerge the kitchen appliances division of TBI and vest the same with company. The board at its meeting held on November 27, 2012 has approved the same.

TTK Prestige, one of the oldest business houses in the country today. Having initially pioneered and established a network of distribution, TTK Prestige moved to manufacturing, post-independence.