Buy TTK Prestige, target price Rs 830: JM Financial

JM Financial has buy call on TTK Prestige with a target price of Rs 830. The current market price of TTK Prestige Ltd. is Rs 782.85.

TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 10849.32 Crore) operating in Consumer Durables sector.

TTK Prestige Ltd. key Products/Revenue Segments include Domestic Appliances and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 608.69 Crore, down -3.07 % from last quarter Total Income of Rs 627.94 Crore and down -4.27 % from last year same quarter Total Income of Rs 635.86 Crore. Company reported net profit after tax of Rs 47.31 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 70.41 per cent stake in the company as of 30-Jun-2023, while FIIs owned 7.93 per cent, DIIs 13.66 per cent.