Titan Company Ltd.

Titan Industries is currently trading at Rs 234.30, up by 10.45 points or 4.67% from its previous closing of Rs 223.85 on the BSE.

The scrip opened at Rs 227.90 and has touched a high and low of Rs. 238.15 and Rs. 220.25 respectively. So far 775810 shares were traded on the counter.

The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 254.95 on 21-Feb-2012 and a 52 week low of Rs 154.40 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 238.15 and Rs 220.25 respectively. The current market cap of the company is Rs 20729.81 crore.

The promoters holding in the company stood at 53.6% while Institutions and Non-Institutions held 19.06% and 27.48% respectively.

The other gainer on BSE “Consumer Durable (CD)” space was Bajaj Electronics up by 0.63%.

Country's largest watch maker, Titan Industries' sub-brand Fastrack, which started as a pure watches brand recently, reported that it is likely to add new product categories such as motorcycle helmets, footwear and apparel to its portfolio. It has planned to design and launch bicycles with youth fashion in the coming years.

The company has posted a jump of 19.15% in its net profit of Rs 163.91 crore for the quarter ended December 31, 2011 as compared to Rs 137.57 crore for the same quarter in the previous year. Total income has increased by 25.11% from Rs 1970.07 crore for Q3FY11 to Rs 2464.84 crore in the quarter under review.

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.