/ Titan Stock Trades Weak On D-Street After Weak Q4 Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 15 May 2017

A leading Indian watch manufacturing company, Titan Company Limited is in focus on the D-Street as the stock is trading down by close to 5% in the Monday’s trading session.  The company is also engaged in the business of jewellery.

The stock dipped to touch intraday low of Rs 472.8 per share down by 4.4%.

The company's total sales for the quarter ended March 31, 2017, stood at Rs 3429.7 Cr, which represents a 10.62% sequential decline and 43.41% YoY increase. Its operating profit for the quarter came in at Rs. 249.68 Cr and its EBIT margin stood at 7.28%. The company reported a profit after tax of Rs 197.75 Cr, which represents a sequential QoQ decline of 21.6% and a YoY increase of 5.82%.

As per the market experts, the company spent a lot on advertising in Q4. The other companies in jewellery sector like Rajesh Exports Limited, PC Jewellers Limited and Gitanjali Gems are trading with mixed sentiments.

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