TTK Prestige shares have surged by nearly 30% in just three days, driven by increased sales of induction cookers and rising LPG prices.
TTK Prestige Share Price Movement Shows Significant Gains
TTK Prestige’s share price has seen a remarkable increase of approximately 29.77% over the past three days, reflecting a growing demand for electric cooking appliances amid rising domestic LPG prices. On March 12, the shares opened at ₹587.15 and reached an intraday high of ₹611.50.
The surge in TTK Prestige’s share price coincides with a notable jump in the sales of induction cookers, which have risen from 40–45 units to 120–130 units daily. This increase can be attributed to the ongoing LPG shortage crisis in India, which has prompted consumers to seek alternative cooking solutions.
In addition to the rising sales of induction cooktops, the domestic LPG price has also seen a significant increase, rising by 7% to ₹913 per cylinder. This price hike has further incentivized consumers to switch to electric cooking appliances, benefiting companies like TTK Prestige.
For the fiscal year 2025, TTK Prestige reported revenues of ₹2,894 crore. The company has ambitious plans, setting a target revenue of ₹5,000 crore by FY2027, with induction cooktops contributing nearly 10–12% to its overall revenue.
Market analysts have noted that the recent price movement may indicate that “trapped longs are using the retracement to exit positions,” as stated by Anshul Jain. He also cautioned that a sustained break below certain levels could lead to increased downside pressure on the stock.
As TTK Prestige continues to navigate the evolving market landscape, the demand for its products remains strong. The shift towards electric cooking solutions is expected to persist, especially as consumers adapt to the challenges posed by LPG shortages.
Details remain unconfirmed regarding the long-term impacts of these trends on TTK Prestige’s market position and share price stability. Observers will be watching closely to see how the company adapts to these changes in consumer behavior and market dynamics.
