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Titan Company receives RBI's approval to hedge more gold: Report

25 Feb 2014 Evaluate

Titan Company has reportedly received approval from Reserve Bank of India (RBI) to hedge more gold in the international market. This approval will help the company save its finance costs and avoid the risk of recording mark-to-market loss. RBI has allowed the company an increase in hedging limit from the current 4 tonnes to 9 tonnes.

Titan is India’s largest manufacturer of quartz watches and has a 60% market share in the Indian market. It is world’s sixth largest manufacturer of branded watches. It has a manufacturing and assembly unit at Hosur in Tamil Nadu.

Titan Co Share Price

4480.10 -32.80 (-0.73%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Co 4480.10
Kalyan Jewell.India 415.00
Rajesh Exports 117.03
Senco Gold 333.15
Thangamayil Jeweller 4125.65
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