TTK Prestige gains on launching electric mop, new range of water purifiers

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

08 Dec 2017 Evaluate

TTK Prestige is currently trading at Rs. 7054.50, up by 24.30 points or 0.35% from its previous closing of Rs. 7030.20 on the BSE.

The scrip opened at Rs. 7100.00 and has touched a high and low of Rs. 7100.00 and Rs. 7031.15 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7116.05 on 08-Dec-2017 and a 52 week low of Rs. 5211.15 on 08-Dec-2016.

Last one week high and low of the scrip stood at Rs. 7116.05 and Rs. 6498.00 respectively. The current market cap of the company is Rs. 8,191.00 crore.

The promoters holding in the company stood at 70.39%, while Institutions and Non-Institutions held 19.62% and 9.99% respectively.

TTK Prestige’s Prestige Clean Home division has launched India's first domestic electric mop and a new range of water purifiers. The new range of water purifiers have been designed to combine the best of Indian tradition with modern technology. The new launches will expand the TTK Prestige brand width and help tap into an entirely new segment of consumers.

The mop is easy on the user and can Sweep, Scrub and Mop simultaneously. It doesn't require repeated rinsing in the same bucket water that becomes dirtier with every dip. The mop comes with a water dispenser bottle attached to it that effectively uses clean water for every stroke and deep cleans the floor. The electric mop is priced at Rs 8995.

The new range of 'Tatva' water purifiers is available in multiple configurations of the kind that is not currently available among branded players— Copper, a combination of Stainless steel and Copper, Stainless steel, Brass and Earthen pot. Using Fibrillated Adsorbent Cellulose Technology (FACT) Tatva purifiers remove 99.9 percent of bacteria, viruses and cysts. The ergonomically-designed purifier uses three-stage filtration with chemical-free Log 6:4:3 purification technology. Tatva can purify 9 litres of water every hour and meets the US EPA standards.

TTK Prestige is India’s largest kitchen appliances company and is one of the Top 500 listed entities in India with a market cap of half-a-billion GBP.