07-12-2023 12:44 PM | Source: Accord Fintech
Titan Intech rises on receiving Letter of Intent from SPEFL-SC
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Titan Intech is currently trading at Rs. 49.00, up by 0.11 points or 0.22% from its previous closing of Rs. 48.89 on the BSE.

The scrip opened at Rs. 49.85 and has touched a high and low of Rs. 49.90 and Rs. 47.10 respectively. So far 8697 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.70 on 23-Feb-2023 and a 52 week low of Rs. 14.50 on 16-Aug-2022.

Last one week high and low of the scrip stood at Rs. 50.00 and Rs. 45.45 respectively. The current market cap of the company is Rs. 36.81 crore.

The promoters holding in the company stood at 1.17%, while Non-Institutions held 98.83% stake in the company.

Titan Intech has received Letter of Intent for ‘Collaborative Partnership in Sports Domains like Education and Fitness’ on July 11, 2023 from Sports, Physical Education, Fitness and Leisure Skill Council (SPEFL-SC) under the Ministry of Skill Development and Entrepreneurship, Government of India, to integrate Artificial Intelligence (AI) for real time feedback, performance analytic and personalized training, Virtual Reality (VR) for real world training scenarios, technique practice and Augmented Reality (AR) for informative overlays, technique execution into Sports and Fitness training and coaching programs.

The company’s commitment to innovative, sustainable solutions perfectly aligns with aim of the SPEFL-SC and its combined efforts could create a significant positive impact in the sports and fitness sector. The collaboration of SPEFL-SC’s extensive expertise in sports education and Titan Intech advanced AI, VR and AR technologies will be an assistive to provide specific support to athlete’s physical education training through various means such as data analysis and simulation of training scenarios and predictive analysis by AI can be applied in sports to improve health and fitness.

Titan Intech is engaged in design and development of LED based Lighting Products and Electrical Solutions & Services.