Titan continues to glitter after robust Q3 show; stock hits all-time high

The company clocked a 35 per cent year-on-year rise each in net sales and net profit in Q3 at Rs 5,632.5 crore and Rs 416.2 crore, respectively

Stocks of Titan Company, India’s largest jewellery player, hit an all-time high of Rs 1,049 a share on Monday, before closing at Rs 1,026. 

This is a gain of 3.5 per cent over its previous close against a 0.66 per cent fall in the S&P BSE FMCG index. 

Besides an upward thrust for the overall consumption given in the Budget on Friday, healthy performance for the December 2018 quarter (Q3) and expectations of a strong growth momentum turned investors bullish on Titan.

The company clocked a 35 per cent year-on-year rise each in net sales and net profit in Q3