Titan Company shares hit new high on good growth in jewellery in Q4FY18

The stock hit a new high of Rs 970, up 3.3%, has surpassed its previous high of Rs 963 recorded on March 28, 2018 on the BSE in intra-day trade.

Shares of Titan Company hit a new high of Rs 970 per share, up 3.3% on the BSE after the company said that its jewelry segment saw mid-teen retail sales growth during the quarter ended March 2018 (Q4FY18). The stock surpassed its previous high of Rs 963 recorded on March 28, 2018 on the BSE in intra-day trade.

“The Jewellery division had good sales growth in Q4 FY 17-18 on the back of very successful diamond jewellery activation and a more customer friendly revised gold exchange policy. The retails sales growth for the quarter was in mid-teens for the