TTK Prestige surges on progressing with strategic investment and business collaboration with Ultrafresh
TTK Prestige is currently trading at Rs. 827.30, up by 15.25 points or 1.88% from its previous closing of Rs. 812.05 on the BSE.
The scrip opened at Rs. 818.25 and has touched a high and low of Rs. 834.50 and Rs. 813.00 respectively. So far 1915 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1269.60 on 14-Dec-2021 and a 52 week low of Rs. 748.55 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 834.50 and Rs. 761.60 respectively. The current market cap of the company is Rs. 11269.32 crore.
The promoters holding in the company stood at 70.41%, while Institutions and Non-Institutions held 22.49% and 7.10% respectively.
TTK Prestige has progressed with strategic investment and business collaboration with Ultrafresh, an end-to-end modular kitchen solutions provider. The initiative ties-in with TTK Prestige’s overall goal of becoming a total kitchen solutions brand. TTK Prestige has taken a strategic stake of over 40% in the equity Ultrafresh to forge the business collaboration between TTK Prestige and Ultrafresh. The business is well on its way to achieving double-digit growth, having made in-roads through innovative products in multiple categories such as cookers, cookware, gas stoves and appliances.
As part of the business collaboration Ultrafresh Modular Solutions have opened their first experience centre in Koramangala, Bengaluru. With multiple designs of kitchens on display at the 2700 sq feet store, customers can get a first-hand glimpse and choose from the vast array of modular kitchens to suit their unique requirements. Ultrafresh pioneered steel kitchens in India and screwless cabinets. Currently, the brand has 120 studios and they have manufactured over 5000 steel and wooden kitchens, across the country.
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.
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