TTK Prestige jumps 8% in two days

 TTK Prestige surged 3.77% to Rs 1606 at 12:50 IST on BSE, extending gains for the second day, after the company signed a pact with the state
government of Gujarat for setting up a manufacturing facility for making pressure cookers & kitchenware.

The stock had risen 4.45% to Rs 1547.60 on Wednesday, 12 January 2011, after the company made this announcement during trading hours.

Meanwhile, the BSE Sensex was down 174.65 points, or 0.89%, to 19,359.45.

On BSE, 33,971 shares were traded in the counter compared with the average volume of 44,617 shares in the past one quarter.

The stock hit a high of Rs 1646.05 and a low of Rs 1547.40 so far during the day.

The stock has risen 8.39% in just two trading sessions from a recent low of Rs 1481.65 on 11 January 2011, boosted by the company's expansion plan.

The company has an equity capital of Rs 11.35 crore. Face value per share is Rs 10.

TTK Prestige's net profit rose 28.8% to Rs 21.80 crore on 43.4% increase in net sales to Rs 199.86 crore in Q2 September 2010 over Q2 September 2009