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Titan Industries gains on bargain hunting

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Capital Market Mumbai
Last Updated : Apr 22 2013 | 2:44 PM IST

Meanwhile, the BSE Sensex was up 52.52 points, or 0.27%, to 19,716.07.

On BSE, 2.43 lakh shares were traded in the counter as against an average daily volume of 2.13 lakh shares in the past one quarter.

The stock hit a high of Rs 273.20 and a low of Rs 266.95 so far during the day. The stock had hit a record high of Rs 313.60 on 30 November 2012. The stock had hit a 52-week low of Rs 180 on 16 January 2012.

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The stock had underperformed the market over the past one month till 10 January 2013, falling 9.85% compared with the Sensex's 1.31% rise. The scrip had also underperformed the market in past one quarter, sliding 0.24% as against Sensex's 5.54% rise.

The large-cap company has an equity capital of Rs 88.78 crore. Face value per share is Re 1.

Titan Industries' net profit jumped 21.3% to Rs 180.14 crore on 9.6% growth in net sales to Rs 2258.29 crore in Q2 September 2012 over Q2 September 2011.

Titan Industries retails branded gold jewellery under the brand name Tanishq. It sells watches under its premium brand Titan and economy brand Sonata.

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First Published: Jan 11 2013 | 11:32 PM IST

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