Titan Company lost 2.94% to Rs 309.90 at 15:16 IST on BSE after a large bulk deal of 1.13 crore shares was executed on the scrip at Rs 319 per share in early trade on BSE.
Meanwhile, the S&P BSE Sensex was down 294.86 points or 1.12% at 25,947.52
Bulk deal boosted volume on the scrip. On the BSE, 1.15 crore shares were traded on the counter so far as against the average daily volumes of 1.44 lakh shares in the past one quarter. The stock had hit a high of Rs 323.05 and a low of Rs 309 so far during the day.
The stock had hit a 52-week low of Rs 296.30 on 21 November 2016. The stock had hit a 52-week high of Rs 445 on 7 September 2016. The stock had outperformed the market over the past 30 days till 21 December 2016, rising 4.09% compared with the 1.08% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 22.94% as against Sensex's 8.80% decline.
The large-cap company has equity capital of Rs 88.78 crore. Face value per share is Re 1.
Titan Company's net profit rose 23.5% to Rs 180.76 crore on 0.86% decline in total income to Rs 2664.09 crore in Q2 September 2016 over Q2 September 2015.
Titan Company's main business lines are watches, jewellery and eyewear.
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