Titan zooms 6%, nears record high; can hit Rs 2,800, tech charts suggest

Tata Group firm said its witnessed healthy double-digit growth across most businesses with overall sales growing 18 per cent YoY in September quarter.

Shares of Titan Company rallied 6 per cent to Rs 2,744.30 on the BSE in Friday’s intra-day trade after the Tata Group firm said its witnessed healthy double-digit growth across most businesses with overall sales growing 18 per cent year-on-year (YoY) in September quarter (Q2FY23). The stock was trading close to its record high level of Rs 2,767.65, which it touched on March 21, 2022.

The company said the outlook for festive season (from Navratri in end Sep'22) continues to be optimistic and is visible in positive consumer sentiment across categories. Retail network continued the pace of