Titan Company lost 1.82% to Rs 369.80 at 14:51 IST on BSE after net profit rose 23.5% to Rs 180.76 crore on 0.1% decline in income from operations to Rs 2659.83 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during market hours today, 4 November 2016.Meanwhile, the S&P BSE Sensex was down 187.45 points or 0.68% at 27,242.83.
On BSE, so far 3.63 lakh shares were traded in the counter as against average daily volume of 96,431 shares in the past one quarter. The stock hit a high of Rs 377.40 and a low of Rs 360 so far during the day. The stock had hit a 52-week low of Rs 303 on 29 February 2016. The stock had hit a 52-week high of Rs 445 on 7 September 2016.
The large-cap company has equity capital of Rs 88.78 crore. Face value per share is Rs 1.
Titan's Managing Director Bhaskar Bhat said that Q2 September 2016 was an extremely good quarter for the company with respect to profits. All businesses of the company recorded profits in the quarter. The jewellery business had an extremely good studded jewellery activation and the watches business launched its second smart watch, Juxt Pro. All the company's retail channels grew, Bhat added.
Titan Company's main business lines are watches, jewellery and eyewear.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
