Buy TTK Prestige, target price Rs 1150: ICICI Securities


has buy call on TTK Prestige with a target price of Rs 1150. The current market price of . is Rs 1001.45. Time period given by analyst is one year when Ltd. price can reach defined target.

TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 13909.92 Crore) operating in Consumer Durables sector.

TTK Prestige Ltd. key Products/Revenue Segments include Domestic Appliances and Scrap for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 635.86 Crore, down -10.55 % from last quarter Total Income of Rs 710.88 Crore and up 55.33 % from last year same quarter Total Income of Rs 409.35 Crore. Company reported net profit after tax of Rs 54.06 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 70.41 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.92 per cent, DIIs 13.5 per cent.

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