Titan gains 4%, nears 52-wk high on healthy business in the festive season

The jewellery business witnessed around 15 per cent growth for the 30-day festive season starting from Dussehra till Diwali over the corresponding period last year.

Shares of Titan Company inched towards its 52-week high on Thursday. The stock climbed 4 per cent at Rs 1,336 on the BSE after the company said it saw good traction across all its businesses in the festive season. The stock was trading close to its 52-week high of Rs 1,340.60, touched on February 20, 2020.

“The jewellery business witnessed a mid-teens growth (around 15 per cent) for the 30-day festive season starting from Dussehra till Diwali over the corresponding period last year, with a decent recovery in studded jewellery sales,” Titan said in the business update.

The watches and wearables business