A sharp decline in gold prices during the January-March quarter has further aided the consumer demand for the Jewellery segment that witnessed strong sales momentum.
Titan Company share price plunged over 5 per cent to Rs 1,187 apiece on a 37.81 per cent on-year decline in its standalone net profit to Rs 199 crore for the quarter ended September 30
Titan said that the sales in September month have been decent, despite the inauspicious period of Shradh. The festival season will commence about 15 days later in the current year.
After falling sharply for several weeks and testing the intermediate supports of 285, ICICI Bank has bounced back smartly and made a double bottom pattern on the daily charts
Billionaire investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have reduced equity holdings in their favorite stock, Titan, by selling over 1 crore shares in the January-March quarter.
Jewellery and watches major Titan Co expects to take a hit of up to Rs 500 crore this fiscal due to government's move to lower the transaction threshold of quoting PAN to Rs 2 lakh from Rs 5 lakh earlier.
Tata Group company Titan and global luxury firm Maison Montblanc, which have formed a joint venture to open latter's retail outlets in India, will invest around Rs 250 crore in the next five years to take the store count to 5
Shares of ITC fell over 6 per cent intraday on Monday after a Finance Ministry panel headed by CEA Arvind Subramanian suggested 40 per cent goods and services tax (GST) rate on tobacco products.