Titan Company gains on commencing production of world Class Stainless Steel Case in its Coimbatore facility

03 Mar 2015

Titan Company is currently trading at Rs 416.50, up by 4.40 points or 1.07% from its previous closing of Rs 412.10 on the BSE.

The scrip opened at Rs. 412.20 and has touched a high and low of Rs. 421.50 and Rs. 410.90 respectively. So far 78223 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 448.00 on 03-Feb-2015 and a 52 week low of Rs. 239.15 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 444.10 and Rs. 408.85 respectively. The current market cap of the company is Rs. 36985.17 crore.

The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 24.49% and 22.45% respectively.

Titan Company, India's leading manufacturer and retailer of watches, has commenced production of world-class stainless steel cases at a new facility in Coimbatore. Set up at a cost of over Rs 75 crore, the new plant will manufacture around one million cases per annum and scale it up to two million cases per annum eventually.

The commissioning of this case plant stands testimony to Titan's strong belief and commitment to watch manufacturing. Located in Coimbatore and spread across an area of 11.3 acres, this plant's value chain capability addresses all domains of stainless steel case manufacturing which includes tool design, tool manufacturing, press shop, machining, polishing and assembly supported by related service functions like planning, facilities management, machine maintenance, costing, and quality management.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

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