News for TTK Prestige Limited (TTKPRESTIG.NS)

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Analysts said the 15,000 level will be a key hurdle for Nifty50 to watch out for.

Rohit Singre, Senior Technical Analyst at LKP Securities said, "Nifty has formed immediate support near 14,640-14,580 zone and good resistance is coming near 14,810 zone. Any break above said levels can push index towards 15,000-mark again."

The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth

ICICI Direct is bullish on TTK Prestige has recommended buy rating on the stock with a target price of Rs 8030 in its research report dated February 11, 2021.

Nifty formed a Doji pattern on the daily charts while forming a small bullish candle on the weekly scale.

Overall, 21 shares were trading in green in Nifty50 index, while 28 were trading in red in the afternoon trade.

TTK Prestige Ltd. reported strong topline growth.The management indicated that it lost Rs 20-30 crore on account of non availability of certain SKUs for which the management is shifting the sourcing from China to domestic vendors.Domestic kitchen and home appliance demand was strong as people were working from home most of the time and also due to accentuated preference for home cooked food.Growth was broad based with cooker, cookware and appliances categories registering strong revenue growth of 29%, 34% and 19% YoY, respectively

The index could take a breather now, but the momentum will remain strong as long as the index sustains above the 15,000 level, analysts said.