Shares of TTK Prestige tumbled after the company’s 4Q profit came in at Rs.197.4m lagging analysts’ estimates of Rs.227mn.
Brokerage CLSA also replaced the kitchenware company on its top five midcap stocks list with electrical goods maker Havells India.
Shares of TTK Prestige were trading at Rs.3,032 down 13.6% over the previous close. It had touched a day’s high of Rs.3,435 and a day’s low of Rs.2,840. The total traded quantity of the shares stood at 1.15 lakh shares on the BSE.