TTK Prestige

With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys

The technical analyst also recommends to hold Nifty longs with a stop at 16,300; on the upside, he expects resistance for the NSE benchmark around 16,800.

TTK Prestige said the rationale behind the stock split is to facilitate larger shareholder base, to increase the liquidity and to make the shares more affordable to investors

A stock split is generally done to make the scrip more affordable for small retail investors and increase liquidity

L&T Infotech and UltraTech Cement are likely to react to Q2 numbers this morning, while focus shall also be on Hindustan Unilever, ACC and other stocks ahead of September quarter results

Investors, especially high net-worth individuals (HNIs), rely heavily on grey market signals for punting on any IPO

Kitchen appliances maker TTK Prestige on Tuesday said it has concluded a long-term settlement covering all its workmen at the manufacturing unit in Gujarat

In the grey market, shares of Stove Kraft were commanding a premium of Rs 30-40 per share

The company says demand across categories is robust, many of its stores are out of stock and that the firm able to meet neither domestic nor export requirements

They say kitchen improvement is likely to be a top priority in Indian homes; customers may also go for local products instead of Chinese-made ones

This will make it tough for many of them to service their fixed costs, such salary and wages, as well as interest on their loan.

While it is launching 30 SKUs in the home cleaning range, other products in the electrical and non-electrical spaces are on the drawing board

Besides, TTK Prestige has plans to expand its distribution network further and expects higher sales from fast-growing online channels.

Premium homes, changing lifestyles help organise the fragmented kitchen appliances market, encourage brands to step up the game

TTK Prestige standalone net profit rises 18.37% in the September 2017 quarter

TTK Prestige, a leading kitchen and electric appliance maker in India, expects see a huge opportunity in rural market this year as the thrust towards infrastructure would mean more houses with kitchens that need appliances.. "People in rural areas will be the ones with the disposable income. The Rabi crops have had a great yield. The growth rate has also been revised. This will all lead to a better rural growth for us, " said Chandru Karlo, Managing Director at TTK Prestige in an interview. "Rural is big this year"Karlo says with the announcement of the various schemes in the infrastructure sector, there will be new homes in the rural areas leading to more kitchens which would work in the favour of the company. In the last quarter, in the month of November the company saw the sales go down by 35 per cent due to demonetisation. "While Diwali was over in October, the next two months are huge for us mainly because it is the wedding season specially in the North. We lost a lot in that, ...

The stock dipped 10% to Rs 5,850 on the NSE in intra-day trade.

The company had acquired UK-based cookware brand Horwood Homewares in April this year

Shares of the company were trading at Rs 5,196.25 apiece, down 2.67% from the previous close

The Bengaluru-based entity expects annual export to grow 10-fold to Rs 500 crore