Titan Company Ltd.

Titan Industries is currently trading at Rs. 274.60, up by 3.15 points or 1.16% from its previous closing of Rs. 271.45 on the BSE.

The scrip opened at Rs. 272.00 and has touched a high and low of Rs. 276.85 and Rs. 264.50 respectively. So far 106836 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. 287.75 and Rs. 269.30 respectively. The current market cap of the company is Rs. 24431.88 crore.

The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 21.89% and 25.05% respectively.

Titan Industries is reportedly planning to add 1,00,000 sq. ft. of retail space in FY14. Though, the company has added 1,45,000 sq. ft. of retail space in FY13. The company’s jewellery segment will see fewer new stores addition this fiscal. The company is also planning to open three manufacturing facilities in Tamil Nadu in FY14.

The company, on consolidated basis, registered 20.62% rise in net profit at Rs 725.38 crore in FY13 as against Rs 601.36 crore in previous year. The total income of the company increased to Rs 10224.18 crore as compared to Rs 8942.90 crore in FY12, up by 14.33%.