Titan Company gains on planning to add over 3,000 employees in next 5 years
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Titan Company is currently trading at Rs. 3424.25, up by 30.10 points or 0.89% from its previous closing of Rs. 3394.15 on the BSE.
The scrip opened at Rs. 3424.95 and has touched a high and low of Rs. 3429.20 and Rs. 3400.00 respectively. So far 9810 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3429.20 on 22-Nov-2023 and a 52 week low of Rs. 2268.90 on 02-Feb-2023.
Last one week high and low of the scrip stood at Rs. 3429.20 and Rs. 3260.00 respectively. The current market cap of the company is Rs. 303871.45 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.09% and 18.01% respectively.
Titan Company is planning to add over 3,000 employees in the next 5 years across domains. The company is looking for professionals with specialised skills such as data analytics, cyber security, product management, digital marketing and other new-age skills amongst others.
Further, in-line with its focus on innovation and technology, the company plans to increase the percentage of employees in engineering roles by 50 per cent in the next 2-3 years. While the company will continue to expand its portfolio of offerings across Tanishq, Mia, Fastrack, Sonata, Eyeplus, Taneira, Skinn and Caratlane across Indian and international markets, there will also be significant focus towards augmenting Titan's luxury segment. The company is also planning to expand its international footprint in North America and the Middle East and increase its international workforce by 10 per cent over the next 5 years, with a specific focus on the GCC market, where around 150-200 new positions will be created in the next 2-3 years.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.
