Titan Company surges 5% on strong Q3 results; stock hits new high

The stock rallied 5 per cent to Rs 1,044, surpassing its previous high of Rs 1,006 recorded on April 18, 2018, on Monday in an otherwise weak market.

Shares of Titan Company gained 5 per cent to Rs 1,044 apiece, hitting a new high on the BSE in early morning trade after the company reported strong growth of 41.6 per cent in net profit of Rs 416 crore in December quarter (Q3FY19). The company had a profit of Rs 308 crore in the year-ago quarter.

The stock surpassed its previous high of Rs 1,006 recorded on April 18, 2018, on Monday in an otherwise weak market. The S&P BSE Sensex was down 0.5 per cent at 36,298 points at 10:00 am.

Titan’s sales income during the same period