Monday, September 1, 2008

TTK Prestige spurts on delisting plan

TTK Prestige surged 6.39% to Rs 169.10 at 15:29 IST on BSE, after the company said it will delist its shares from the BSE and NSE. .
The company made the announcement during trading hours today, 1 September 2008.
The stock hit a high of Rs 174 and a low of Rs 158.20 so far during the day. The stock has a 52-week high of Rs 233.70 on 4 January 2008 and a 52-week low of Rs 93 on 30 July 2008.
The company’s current equity is Rs 11.35. Face value per share is Rs 10.
The current price of Rs 169.10 discounts Q1 June 2008 annualized EPS of Rs 18.01, by a PE multiple of 9.39.
TTK Prestige’s net profit rose 19.2% to Rs 5.10 crore on 13.1% increase in net sales to Rs 85.66 crore in Q1 June 2008 over Q1 June 2007.
TTK Prestige manufactures a range of domestic appliances. The company's products include pressure cookers and non-stick cookware, stainless steel/glass vacuum flasks, and gas stoves.
Promoters hold 72.37% in TTK Prestige (as on 30 June 2008).

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