/ Titan Company Takes A Vertical Climb Soars Over 14% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 5 June 2017

Gems and Jewellery stock Titan Company was in a bullish mood soared over 14% on NSE at Rs 538.75 per share. The stock on Bombay stock exchange also witnessed gains and traded over 13% at Rs 537.00 per share on 10:46 IST in Monday’s trade.

The stock has attracted a traded volume of 88,29,871 shares and a traded value of 46, 306.49 lakh as of 10:46 IST.The stock was the top open interest gainer and witnessing additional of 65.59% in its open interest in Monday’s trade.The 15th GST council meet held recently, has fixed GST tax rate of 3% on gold, silver and processed Diamonds.

As per market observers, the implied GST tax rate will make the metals costlier as the current prevailing tax rate on gold is 2% which has been increased to 3% under GST.Titan Company Ltd is currently trading at Rs 538, up by Rs 65.75 or 13.92% from its previous closing of Rs 472.25 on the BSE.The scrip opened at Rs 510.8 and has touched a high and low of Rs 539.55 and Rs 504.2 respectively. So far 11266601(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 41925.7 crore.

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