At 9.36 am, Titan share price was down 3.53 per cent at Rs 336.40. The scrip opened at Rs 333.55 and had touched a high and low of Rs 339 and Rs 330, respectively, in trade so far. Sensex was down 125 points at 26,531.64. (Photo: PTI)
Titan Company share price declined as much as 5.36 per cent in the early trade on Monday after the Tata Group firm on Friday reported 39.41 per cent decline in net profit at Rs 145.39 crore for the second quarter ended September 30, hurt by sharp drop in income from jewellery business. The company had posted a net profit of Rs 239.98 crore in the same quarter last fiscal.
At 9.36 am, Titan share price was down 3.53 per cent at Rs 336.40. The scrip opened at Rs 333.55 and had touched a high and low of Rs 339 and Rs 330, respectively, in trade so far. Sensex was down 125 points at 26,531.64.
For the quarter ended September 30, 2015, net sales of the company stood at Rs 2,654.68 crore as against Rs 3,564.67 crore in the same quarter last year. “The retail sentiment has been extremely poor in this quarter,” the company said.
The BSE group ‘A’ stock of face value Rs 1 has touched a 52 week high of Rs 448.00 on 03-Feb-2015 and a 52 week low of Rs 303 on 01-Oct-2015.
Last one week high and low of the scrip stood at Rs 356.00 and Rs 330 respectively. The current market cap of the company is Rs 29,856.00 crore.
The promoters holding in the company stood at 53.05 per cent while institutions and non-institutions held 25.27 per cent and 21.67 per cent, respectively.
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