Titan Industries lost 1.3% to Rs 228.30 at 13:09 IST on BSE after two block deals aggregating 12.40 lakh shares were executed on BSE.
A block deal of 10 lakh shares was executed at Rs 230.05 per share at 11:42 IST. Another block deal of 2.40 lakh shares was executed at Rs 230.50 per share at 11:46 IST.
The two block deals constitute 0.13% of Titan Industries' equity.
Meanwhile, the S&P BSE Sensex was up 245.49 points or 1.29% at 19,225.25.
On BSE, 14.80 lakh shares were traded in the counter as against average daily volume of 5.59 lakh shares in the past one quarter.
The stock hit a high of Rs 235.20 and a low of Rs 226.55 so far during the day. The stock hit a record high of Rs 313.60 on 30 November 2012. It hit a 52-week low of Rs 200 on 13 June 2013.
The stock had underperformed the market over the past one month till 5 September 2013, sliding 17.57% compared with the Sensex's 1.06% fall. The stock had also underperformed the market in past one quarter, declining 17.16% as against Sensex's 3.01% fall.
The large-cap company has equity capital of Rs 88.78 crore. Face value per share is Re 1.
Titan Industries' net profit rose 16.9% to Rs 182.48 crore on 42% growth in net sales to Rs 3087.79 crore in Q1 June 2013 over Q1 June 2012.
Titan Industries retails branded gold jewellery under the brand name Tanishq. It sells watches under a premium brand Titan and economy brand Sonata.
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