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Titan Company surges on reporting 24% rise in Q2 net profit

07 Nov 2016

Titan Company is currently trading at Rs. 373.20, up by 4.70 points or 1.28% from its previous closing of Rs. 368.50 on the BSE.

The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 382.90 and Rs. 368.50 respectively. So far 97093 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 445.00 on 07-Sep-2016 and a 52 week low of Rs. 303.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 384.00 and Rs. 360.00 respectively. The current market cap of the company is Rs. 33083.35 crore.

The promoters holding in the company stood at 53.05%, while institutions and non-institutions held 26.53% and 20.41% respectively.

Titan Company has reported 23.51% rise in its net profit after taxes at Rs 180.76 crore for the quarter under review as compared to Rs 146.35 crore for the same quarter in the previous year. Total income of the company decreased by 0.28 % at Rs 2687.48 crore for the quarter under review as compared Rs 2695.14 crore for the corresponding quarter previous year.    

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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SEBI Registered: Investment Adviser - INA000013323