Titan Company gains on plan to build frame manufacturing facility

05 Mar 2015

Titan Company is currently trading at Rs 413.00, up by 2.15 points or 0.52% from its previous closing of Rs 410.85 on the BSE.

The scrip opened at Rs. 411.00 and has touched a high and low of Rs. 415.40 and Rs. 411.00 respectively. So far 21344 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. 243.35 on 06-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. 36736.59 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 is in the process of setting up a frame manufacturing facility. The company is yet to identify the location but the idea is in the pipeline.

From a single product company at the beginning, the company has over the years ushered a paradigm shift in the Indian watch market and emerged as producer and retailer of jewellery, eyewear and accessories as well.

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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