Titan gains on planning to open nine new stores of Tanishq in Gujarat
Titan Company is currently trading at Rs. 3213.00, up by 13.65 points or 0.43% from its previous closing of Rs. 3199.35 on the BSE.
The scrip opened at Rs. 3200.45 and has touched a high and low of Rs. 3217.85 and Rs. 3189.00 respectively. So far 14921 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3221.00 on 11-Sep-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. 3221.00 and Rs. 3086.40 respectively. The current market cap of the company is Rs. 285338.91 crore.
The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.17% and 17.94% respectively.
Titan Company is planning to open nine new stores of its jewellery brand Tanishq in Gujarat in the coming months, taking the number of stores to 28 in the state by the end of this fiscal. Moreover, the company is also planning to expand its overseas presence by opening international stores in countries including the United States and Australia in the near future.
To cater to the Indian diaspora living in other countries, the company has chalked out ambitious plans for the overseas market. The Tanishq store opened in New Jersey city of the US about nine months back is doing good. Now, the company is planning to open new stores in the US, Canada, UK, Australia, Singapore and in Gulf countries such as the UAE and Qatar.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sung lasses, wallets, bags and belts.
