Titan Company lost 2.98% to Rs 469.30 at 13:58 IST on BSE after a large bulk deal of 30.53 lakh shares was executed on the scrip at Rs 480 per share at 09:41 IST on BSE.
Meanwhile, the S&P BSE Sensex was up 29.26 points or 0.1% at 29,955.41
Bulk deal boosted volume on the scrip. On the BSE, 31.66 lakh shares were traded on the counter so far as against the average daily volumes of 74,016 shares in the past one quarter. The stock had hit a high of Rs 484.45 and a low of Rs 465.70 so far during the day. The stock had hit a 52-week low of Rs 296.30 on 21 November 2016. The stock had hit a record high of Rs 504 on 5 May 2017.
The stock had underperformed the market over the past one month till 8 May 2017, falling 0.42% compared with 0.74% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 22.95% as against Sensex's 5.61% rise.
The large-cap company has equity capital of Rs 88.78 crore. Face value per share is Re 1.
Titan Company's net profit rose 13.09% to Rs 255.75 crore on 13.43% rise in total income to Rs 3904.82 crore in Q3 December 2016 over Q3 December 2015.
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Titan Company's main business lines are watches, jewellery and eyewear.
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