Titan surges on planning to open new store in US market this fiscal
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Titan Company is currently trading at Rs. 1979.00, up by 16.65 points or 0.85% from its previous closing of Rs. 1962.35 on the BSE.
The scrip opened at Rs. 1965.00 and has touched a high and low of Rs. 1989.60 and Rs. 1959.10 respectively. So far 15258 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2767.55 on 21-Mar-2022 and a 52 week low of Rs. 1661.85 on 20-Jul-2021.
Last one week high and low of the scrip stood at Rs. 1989.60 and Rs. 1827.15 respectively. The current market cap of the company is Rs. 175883.76 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 28.77% and 18.33% respectively.
Titan Company is planning to open a new store in the US market this fiscal, besides adding more in the domestic markets. In the jewellery division, Titan is also expanding its brand Tanishq to the global markets and opening stores in West Asia and North America markets targeting the Indian diaspora.
As per the company, the outlook for its jewellery division in FY23 and mid-term is positive with excellent growth opportunity helped by multi-pronged efforts within the wedding market, momentum behind its gold exchange scheme and network expansion.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.
