Titan Industries falls after bulk deal

Titan Industries declined 0.91% to Rs 222.90 at 14:06 IST on BSE, after 0.09% equity changed hands in a bulk deal on BSE today, 12 December 2013.

A bulk deal of 7.88 lakh shares was executed on the Titan Industries counter at Rs 224 per share at 13:26 IST on BSE today, 12 December 2013.

Meanwhile, the S&P BSE Sensex was down 174.38 points or 0.82% at 20,997.03

On BSE, so far 9.11 lakh shares were traded in the counter as against average daily volume of 2.26 lakh shares in the past one quarter.

The stock hit a high of Rs 227 and low of Rs 222.30 so far during the day. The stock hit a 52-week high of Rs 304.75 on 13 December 2012. It hit a 52-week low of Rs 200 on 13 June 2013.

The stock underperformed the market over the past one month till 11 December 2013, falling 2.98% compared with the Sensex's 3.32% rise. The scrip had also underperformed the market in past one quarter, sliding 5.48% as against Sensex's 5.87% rise.

The large-cap company has equity capital of Rs 88.78 crore. Face value per share is Re 1.

Titan Industries' net profit rose 3.6% to Rs 186.65 crore on 2.6% growth in total income to Rs 2359.35 crore in Q2 September 2013 over Q2 September 2012.

Titan Industries retails branded gold jewellery under the brand name Tanishq. It sells watches under a premium brand Titan and economy brand Sonata.

Powered by Capital Market - Live News