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Titan Company rises as its jewellery division enters into growth phase

06 Jan 2021 Evaluate

Titan Company is currently trading at Rs. 1580.60, up by 11.85 points or 0.76% from its previous closing of Rs. 1568.75 on the BSE.

The scrip opened at Rs. 1575.00 and has touched a high and low of Rs. 1620.95 and Rs. 1575.00 respectively. So far 57011 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,620.95 on 06-Jan-2021 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. 1,620.95 and Rs. 1538.25 respectively. The current market cap of the company is Rs. 140865.03 crore.

The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.02% and 17.73% respectively.

Titan Company’s jewellery division has recovered from the COVID-19 pandemic jolt, entering the growth phase, and other divisions have moved closer to full recovery led by festive season sales in the third quarter of the current fiscal. The company had reported an unprecedented net loss of Rs 297 crore in the April-June quarter due to the pandemic. Its standalone net profit declined 37.81 per cent to Rs 199 crore for the quarter ended September 30, 2020 as against a net profit of Rs 320 crore in the corresponding period of the preceding fiscal.

The company had been expecting a good festive season given the fact that there were signs that customers wanted to feel good by stepping out and shopping after 6 months of being restricted primarily to their homes. The company continues to focus on the creation of a combined digital and physical experience by which the customers can discover, engage, and buy products of their choice through the channel of their preference.

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

Titan Co Share Price

4495.80 -30.50 (-0.67%)
20-Apr-2026 14:49 View Price Chart
Peers
Company Name CMP
Titan Co 4495.80
Kalyan Jewell.India 419.10
Rajesh Exports 123.00
Senco Gold 324.20
Thangamayil Jeweller 4127.90
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