Buy TTK Prestige, target price Rs 920: ICICI Securities

ICICI Securities has buy call on TTK Prestige with a target price of Rs 920. The current market price of TTK Prestige Ltd. is Rs 788.65.

TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 10938.03 Crore) operating in Consumer Durables sector.

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



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 641.10 Crore, down -15.24 % from last quarter Total Income of Rs 756.37 Crore and up 2.10 % from last year same quarter Total Income of Rs 627.94 Crore. Company reported net profit after tax of Rs 57.42 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 70.41 per cent stake in the company as of 31-Mar-2024, while FIIs owned 6.8 per cent, DIIs 14.66 per cent.