Titan Company clocks a 52-week high
Shital Jibhe / 04 Aug 2017
Titan Company has moved higher by over 10% in the morning trading hours on Friday. The stock attracted huge volume with a spurt of more than 2.47 times.
Titan Company has moved higher by over 10% in the morning trading hours on Friday. The stock attracted huge volume with a spurt of more than 2.47 times. It attracted traded volume of 55,67,342 shares with traded value of Rs 330.98 crore as of 0938 hours on the NSE.
The stock touched its fresh 52-week high of Rs 616.15 per share, up by 10.5% on the BSE. The upward rally of the stock is backed by its strong quarterly result. Titan Company’s Q1FY18 consolidated results for the quarter registered a beat on street estimates. The PAT for the quarter came in at Rs 238 crore, YoY increase of 96.7%. This was also aided by 110% YoY jump in other income to Rs 28.2 crore.
Meanwhile, the benchmark index, Nifty, was marginally down by 2 points at the 10,010 level while Sensex was down by 31 points at the 32,205 level during the morning hours on Friday.
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