Buy TTK Prestige, target price Rs 992: ICICI Direct

ICICI Direct has buy call on TTK Prestige with a target price of Rs 992. The current market price of TTK Prestige Ltd. is Rs 904.3. Time period given by analyst is 3 months 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 12516.85 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 31-03-2022, the company reported a Consolidated Total Income of Rs 710.88 Crore, down -7.76 % from last quarter Total Income of Rs 770.72 Crore and up 17.81 % from last year same quarter Total Income of Rs 603.39 Crore. Company reported net profit after tax of Rs 80.61 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 70.41 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.3 per cent, DIIs 13.19 per cent.