Timex Group India is currently trading at Rs. 102.40, up by 5.90 points or 6.11% from its previous closing of Rs. 96.50 on the BSE.
The scrip opened at Rs. 101.25 and has touched a high and low of Rs. 102.45 and Rs. 99.50 respectively. So far 36260 shares were traded on the counter.
The BSE group ‘X’ stock of face value Rs. 1 has touched a 52 week high of Rs. 102.45 on 11-Jan-2022 and a 52 week low of Rs. 24.90 on 29-Jan-2021.
Last one week high and low of the scrip stood at Rs. 102.45 and Rs. 86.50 respectively. The current market cap of the company is Rs. 974.17 crore.
The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 0.03% and 25.04% respectively.
Timex Group India has sealed agreements with Timex Nederland B.V (Sequel Division) for the grant of manufacturing and distribution rights of ‘Guess’ & ‘Gc’ branded watches for the territory of India.
The deal is a significant win for Timex Group India given Guess & Gc market share, reach and brand recognition in the fashion watch segment. The power of the Guess & Gc brands will be a great addition for Timex Group India. This partnership will allow Timex Group India to expand their business through the distribution of style driven product assortments to their fashion focused customer base, further securing credibility among the fashion-conscious youth of India. The new agreements are effective from January 2022 and aim to deepen the footprint and reach for both parties in the Indian market.
Timex Group India designs, manufactures and markets innovative timepieces around the world.