Titan Company rises on reporting many fold jump in Q1 consolidated net profit
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Titan Company is currently trading at Rs. 2437.20, up by 14.00 points or 0.58% from its previous closing of Rs. 2423.20 on the BSE.
The scrip opened at Rs. 2430.00 and has touched a high and low of Rs. 2471.70 and Rs. 2417.60 respectively. So far 50607 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. 1764.25 on 05-Aug-2021.
Last one week high and low of the scrip stood at Rs. 2471.70 and Rs. 2339.50 respectively. The current market cap of the company is Rs. 215732.04 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 28.19% and 18.91% respectively.
Titan Company has reported many fold jump in its net profit at Rs 793 crore for first quarter ended June 30, 2022 as compared to Rs 61 crore for the same quarter in the previous year. Total income of the company increased by around 3-fold jump at Rs 9,005 crore for Q1FY23 as compared Rs 3,314 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported many fold jump in its net profit at Rs 790 crore for first quarter ended June 30, 2022 as compared to Rs 18 crore for the same quarter in the previous year. Total income of the company increased by around 3-fold jump at Rs 9,487 crore for Q1FY23 as compared Rs 3,519 crore for the corresponding quarter previous year.
