TTK Prestige trades higher on unveiling Svachh Gas stoves in Hyderabad

TTK Prestige Ltd. | Consumer Durables - Domestic Appliances | Consumer Durables | BSE: 517506 | NSE: TTKPRESTIG

08 Jun 2021 Evaluate

TTK Prestige is currently trading at Rs. 8987.00, up by 145.35 points or 1.64% from its previous closing of Rs. 8841.65 on the BSE.

The scrip opened at Rs. 8850.00 and has touched a high and low of Rs. 9120.00 and Rs. 8823.55 respectively. So far 757 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9266.60 on 02-Jun-2021 and a 52 week low of Rs. 4988.00 on 19-Jun-2020.

Last one week high and low of the scrip stood at Rs. 9266.60 and Rs. 8692.05 respectively. The current market cap of the company is Rs. 12548.44 crore.

The promoters holding in the company stood at 70.41%, while Institutions and Non-Institutions held 22.56% and 7.03% respectively.

TTK Prestige has unveiled the revolutionary Svachh Glass Top Gas stove in Hyderabad. The first-of-its-kind stove in India, with an easy clean design, provides a simplified and hassle-free cleaning experience. The product stems from extensive research undertaken across the country, which revealed that homemakers were becoming increasingly frustrated with the difficulty involved in cleaning a gas stove after use. Addressing this pain point of consumers, the Svachh Glass Top Gas stove makes the cleaning process effortless, by introducing innovative liftable burners fixed on a hinge with one arm.

These burners can be easily lifted to clean, as there are no complex mechanisms involved. The product was developed in-house by the product development team at TTK Prestige. Having applied for the patent already for the design, TTK Prestige proudly manufactures the gas stove at its Hosur factory.

TTK Prestige is part of TTK Group. Over the past six decades TTK Prestige, has emerged as India's largest kitchen appliances company catering to the needs of home makers in the country.