Titan shines 8% on robust Q3 earnings; brokerages recommend 'buy'

On the volume front, nearly 5 lakh shares exchanged hands on the BSE

Shares of Titan spiked over 9% on the BSE in intraday deals after the jewellery major posted an impressive performance in the December quarter, especially in the backdrop of demonetisation.

The company reported a 13% increase in its standalone net profit at Rs 255.75 in Q3 against Rs 226.15 crore reported in the same period last financial year. 

Reacting to its quarterly earnings, the stock gained as much as 9.6% to Rs 431 on the BSE. The scrip settled the session 8% higher at Rs 425. 

On the volume front, over 10 lakh shares exchanged hands on the BSE as