Titan Company Ltd.

Titan Company is currently trading at Rs. 219.55, up by 5.00 points or 2.33 % from its previous closing of Rs. 214.55 on the BSE.

The scrip opened at Rs. 207.00 and has touched a high and low of Rs. 223.45 and Rs. 203.00 respectively. So far 635989 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 302.00 on 30-May-2013 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. 227.20 and Rs. 212.00 respectively. The current market cap of the company is Rs. 19708.85 crore.

The promoters holding in the company stood at 53.05 % while Institutions and Non-Institutions held 23.55 % and 23.39 % respectively.

Titan Company has reported results for third quarter ended December 31, 2013.

The company has reported 18.80% fall in its net profit at Rs 165.57 crore for the quarter, as compared to Rs 203.92 crore for the same quarter in the previous year. Total income of the company has decreased by 11.12% at Rs 2701.84 crore for quarter under review as compared to Rs 3040 crore for the quarter ended December 31, 2012.

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.