TTK Prestige drops 5% on profit booking

Kitchen appliances company TTK Prestige fell nearly 5 percent in initial trade on Thursday due to profit booking.

The stock had already priced in good set of numbers from the company that came in yesterday after market hours. Shares rallied 6.31 percent to close at Rs 3,734.90 yesterday ahead of third quarter earnings.

Fidelity Investment buys 65663 shares of TTK Prestige

Net profit rose by 27.5 percent year-on-year to Rs 44.1 crore in the third quarter of current financial year 2012-13. Total income increased 30.75 percent to Rs 438 crore from Rs 335 crore during the same period.

Shares slipped 3.42 percent to Rs 3,607.05 at 10:23 hours IST on Bombay Stock Exchange.

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