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Titan Company gains on inking pact with SBI to introduce range of Titan Pay watches

17 Sep 2020 Evaluate

Titan Company is currently trading at Rs. 1184.35, up by 1.90 points or 0.16% from its previous closing of Rs. 1182.45 on the BSE.

The scrip opened at Rs. 1177.35 and has touched a high and low of Rs. 1186.50 and Rs. 1168.75 respectively. So far 13454 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1389.85 on 25-Oct-2019 and a 52 week low of Rs. 720.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1220.50 and Rs. 1155.35 respectively. The current market cap of the company is Rs. 104962.96 crore.

The promoters holding in the company stood at 52.91%, while Institutions and Non-Institutions held 28.72% and 18.38% respectively.

Titan Company has entered into partnership with State Bank of India (SBI) to introduce a range of Titan Pay watches powered by YONO, the lender's mobile banking app. These watches will have contactless payment functions. With this launch, account holders of the bank can tap their Titan Pay watch on contactless payment point-of-sale (POS) machines without the need of swiping or inserting their debit card.

To avail this facility, a customer has to be a registered user for YONO. Payments of up to Rs 2,000 can be made without entering a PIN. A secure certified near-field communication (NFC) chip embedded in the watch strap by Tappy Technologies enables all the functionalities of a standard contactless debit card of the bank. The payment feature on these watches will be accessible on over 2 million contactless MasterCard-enabled POS machines in the country.

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

Titan Company Share Price

4396.45 -8.85 (-0.20%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Company 4396.45
Kalyan Jewell.India 381.15
Rajesh Exports 86.93
Senco Gold 326.15
Thangamayil Jeweller 5946.85
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