Titan Company Ltd.

Titan Industries is currently trading at Rs. 254.25, up by 2.10 points or 0.83% from its previous closing of Rs. 252.15 on the BSE.

The scrip opened at Rs. 252.05 and has touched a high and low of Rs. 255.65 and Rs. 250.85 respectively. So far 26356 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 313.60 on 30-Nov-2012 and a 52 week low of Rs. 203.90 on 05-Jun-2012.

Last one week high and low of the scrip stood at Rs. 266.40 and Rs. 250.00 respectively. The current market cap of the company is Rs. 22629.67 crore.

The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 21.41% and 25.54% respectively

Titan Industries’ flagship wing - Titan Eye Plus has inked collaborative pack with a leading Japanese firm to develop technology and production process in India for variety of lenses. It has decided to develop and produce specially coated lenses, which will be three to four times better than those in the global markets, in order to avoid scratches and cracks.

The entity is also planning to produce glasses and goggles for welders and industrial applications, with the help of technologies and production capability available in the Hosur factory near Bangalore. It also aims to launch these products by mid-2014.