Titan Industries has dipped almost 4% to Rs 242 in early morning deals on back of heavy volumes on the Bombay Stock Exchange (BSE).
As many as 39 million shares representing 4.4% of total equity of the company have already changed hands on the counter till 0932 hours against an average sub one million shares that were traded daily in past two weeks on BSE. The stock opened at Rs 246 and hit high of Rs 252 so far.
Investor and trader Rakesh Jhunjhunwala, who sold part of their stake A2Z Maintenance during the current month, is largest public shareholders hold over 10% stake in the company at the end of December 2012 quarter.
Rakesh Jhunjhunwala (8.05%) and Rekha Rakesh Jhunjhunwala (2.26%) are collectively held 10.31% stake in the Tata Group Company, the shareholding pattern data shows.
Matthews Pacific Tiger Fund, Merrill Lynch Capital Markets ESPANA S.A. S.V. and IIFL Inc A/c Vontobel India Select Fund are held less than 2% stake each. The promoter held 53.05% stake in the company.
Meanwhile, the stock has underperformed the market by falling 21% so far in current calendar year 2013, compared to 3.4% fall in benchmark index Sensex.
As many as 39 million shares representing 4.4% of total equity of the company have already changed hands on the counter till 0932 hours against an average sub one million shares that were traded daily in past two weeks on BSE. The stock opened at Rs 246 and hit high of Rs 252 so far.
Investor and trader Rakesh Jhunjhunwala, who sold part of their stake A2Z Maintenance during the current month, is largest public shareholders hold over 10% stake in the company at the end of December 2012 quarter.
Rakesh Jhunjhunwala (8.05%) and Rekha Rakesh Jhunjhunwala (2.26%) are collectively held 10.31% stake in the Tata Group Company, the shareholding pattern data shows.
Matthews Pacific Tiger Fund, Merrill Lynch Capital Markets ESPANA S.A. S.V. and IIFL Inc A/c Vontobel India Select Fund are held less than 2% stake each. The promoter held 53.05% stake in the company.
Meanwhile, the stock has underperformed the market by falling 21% so far in current calendar year 2013, compared to 3.4% fall in benchmark index Sensex.