TTK Prestige jumps 15 per cent and gets past 10,000 mark for the first time; whats steaming in the stock?

Interestingly, the stock has surpassed its previous trading session’s volumes in the initial hour itself.  

For over six decades, TTK Prestige has stood tall as the market leader in kitchen appliances. Its pioneering products make them the best companion for the Indian homemaker. Its product innovation journey is focussed on the five pillars of trust, innovation, smartness, health, and modernity. The company has come a long way from the pressure cooker to over 600 products today.   

Today, the stock has registered a fresh all-time high of Rs 10,587 on NSE. It is trading up by 15 per cent while a huge spike in the volume has been seen in the initial hour of the trade itself. Interestingly, the stock has surpassed its previous trading session’s volumes in the initial hour itself.   

So, what’s the buzz in the stock? The board of directors of the company is scheduled to meet on October 27, 2021, wherein, they would consider matters related to sub-division/split of equity shares of the face value of Rs 10 each of the company in such a manner as the board may determine including matters related/incidental thereto and any other matter as it may decide during the course of the meeting.   

The stock is up by nearly 64.5 per cent on a YTD basis while on an MTD basis, it is up by 14.70 per cent.