Titan Company rises on partnering with Amazon to foray into online selling in US market

09 Aug 2017

Titan Company is currently trading at Rs. 614.35, up by 4.90 points or 0.80% from its previous closing of Rs. 609.45 on the BSE.

The scrip opened at Rs. 617.00 and has touched a high and low of Rs. 617.00 and Rs. 606.55 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 617.20 on 07-Aug-2017 and a 52 week low of Rs. 296.30 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 617.20 and Rs. 547.40 respectively. The current market cap of the company is Rs. 54,594.00 crore.

The promoters holding in the company stood at 53.05%, while Institutions and Non-Institutions held 27.06% and 19.89% respectively.

Titan Company has entered into partnership with Amazon, the world’s biggest online retailer, which will help India’s watch-to-jewellery maker to foray into online selling in the United States.

Under the partnership, Amazon through its ‘Global Selling Programme’ will enable Titan take its vast range of watches to millions of global customers across ethnicities on its portal in the US and eventually across other Amazon marketplaces.

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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