Titan Company Ltd.

Titan Industries is currently trading at Rs. 228.80, up by 0.40 points or 0.18% from its previous closing of Rs. 228.40 on the BSE.

The scrip opened at Rs. 229.00 and has touched a high and low of Rs. 230.80 and Rs. 227.50 respectively. So far 33,000 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. 200.00 on 13-Jun-2013.

Last one week high and low of the scrip stood at Rs. 237.60 and Rs. 221.65 respectively. The current market cap of the company is Rs. 20,316 crore.

The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 24.07% and 22.87% respectively.

Titan Industries, a joint venture between Tata Group and Government of Tamil Nadu is planning to expand its watch case manufacturing capacity and precision equipment manufacturing capacity for aerospace components. In this regard, the company will invest Rs 180 crore and expecting the facilities to be ready in another 12-18 months. Moreover, the company has acquired the land in Coimbatore and Hosur for the proposed plants.

Meanwhile, the company is establishing a new manufacturing plant in Coimbatore, to manufacture high-end stainless steel cases with technology from Seiko Epson Corp, Japan.

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.