Buy TTK Prestige, target price Rs 1270: ICICI Securities

ICICI Securities has buy call on TTK Prestige with a target price of Rs 1270. The current market price of TTK Prestige Ltd. is Rs 910.4.
TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 12548.03 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 30-09-2022, the company reported a Consolidated Total Income of Rs 850.90 Crore, up 33.82 % from last quarter Total Income of Rs 635.86 Crore and down -1.81 % from last year same quarter Total Income of Rs 866.55 Crore. Company reported net profit after tax of Rs 84.49 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 70.41 per cent stake in the company as of 30-Sep-2022, while FIIs owned 8.92 per cent, DIIs 13.94 per cent.