Titan Company is currently trading at Rs. 2597.40, up by 0.65 points or 0.03% from its previous closing of Rs. 2596.75 on the BSE.
The scrip opened at Rs. 2645.00 and has touched a high and low of Rs. 2687.30 and Rs. 2608.05 respectively. So far 79244 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 2678.10 on 18-Oct-2021 and a 52 week low of Rs. 1396.25 on 22-Feb-2021.
Last one week high and low of the scrip stood at Rs. 2687.30 and Rs. 2502.50 respectively. The current market cap of the company is Rs. 233327.96 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.32% and 17.78% respectively.
Titan Company has witnessed strong demand across its consumer businesses and clocked 36% growth for the quarter ending December (Q3FY22) over the festive quarter last year. Segment wise, buoyancy in jewellery demand driven by festive purchases in October and November helped the division achieve significant revenue uplift for the quarter, up by 37% in Q3FY22.
Watches & Wearables division saw strong growth momentum with multi brand channels, both online and offline, growing handsomely in the quarter, mainly on the back of Titan brand, rising 28% over last year same period. Eye Wear division’s strong growth was driven by sunglasses and frames with good demand uptick also seen in international brands. The division accelerated its growth journey with significant network expansion during the quarter and this division reported 27% growth in Q3FY22. Besides, other businesses rose 44% during same quarter.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.