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Buy TTK Prestige, target price Rs 975: ICICI Securities

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has buy call on with a target price of Rs 975. The current market price of TTK Prestige Ltd. is Rs 825.95. Time period given by analyst is one year when . price can reach defined target.

TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 11500.81 Crore) operating in Consumer Durables sector.

TTK Prestige Ltd. key Products/Revenue Segments include Domestic Appliances and Scrap for the year ending 31-Mar-2021.

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.

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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.

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