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Titan Company inches up on reporting 15% rise in Q3 consolidated net profit
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Titan Company is currently trading at Rs. 3628.65, up by 2.65 points or 0.07% from its previous closing of Rs. 3626.00 on the BSE.
The scrip opened at Rs. 3627.55 and has touched a high and low of Rs. 3712.35 and Rs. 3603.00 respectively. So far 45530 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3885.00 on 30-Jan-2024 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. 3885.00 and Rs. 3602.05 respectively. The current market cap of the company is Rs. 321351.96 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.32% and 17.78% respectively.
Titan Company has reported 9.36% rise in net profit at Rs 1040 crore for the third quarter ended December 31, 2023 as compared to Rs 951 crore for the same quarter in the previous year. Total income of the company increased by 20.29% at Rs 13,191 crore for Q3FY24 as compared Rs 10,966 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 15.33% rise in its net profit at Rs 1,053 crore for Q3FY24 as compared to Rs 913 crore for the same quarter in the previous year. Total income of the company increased by 22.24% at Rs 14,300 crore for Q3FY24 as compared Rs 11,698 crore for corresponding quarter of the previous year.
