Buy TTK Prestige, target price Rs 1150: ICICI Securities

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