/ Titan Company Climbs 5% After Showcasing A Promising Q3 ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 3 January 2017

Titan Company Ltd is currently trading at Rs 349.4, up by Rs 16.35 or 4.91% from its previous closing of Rs 333.05 on the BSE. The company said that Q3 December 2016 started off on a high of the festive season and long awaited resurgence of the consumer sentiment.

Titan said it had one of its best festive seasons in the last few years with both Tanishq and Watches performing well above expectations. Titan said that post the announcement of demonetization on 8 November 2016, all consumer facing businesses of the company witnessed a drastic slowdown for a few days after which recovery was clearly visible in modern retail and dedicated retail channels.

The scrip opened at Rs 339 and has touched a high and low of Rs 353.8 and Rs 339 respectively. So far 2240704 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 29567.72 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 445 on 07-Sep-2016 and a 52 week low of Rs 296.3 on 21-Nov-2016. Last one week high and low of the scrip stood at Rs 335.4 and Rs 309 respectively. The promoters holding in the company stood at 53.05 % while Institutions and Non-Institutions held 26.53 % and 20.41 % respectively. The stock is currently trading above its 200 DMA.
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