Titan shares slump after earnings

Reuters Market Eye - Watches and jewellery maker Titan Company Ltd on slumps as much as 6.8 percent.

Heads towards biggest single-day fall since Sept. 2013.

July-Sept. earnings lagged some estimates.

Profit rose 28.6 percent to 2.4 billion rupees ($39.12 million) and sales rose by 55.7 percent to 35.65 billion rupees.

Strong sales growth driven by one-off jewellery sales led by the foreclosure of advance purchase schemes, says analysts.

Shares down 6.1 percent at 10:00 a.m.

($1 = 61.3500 rupees)

(Reporting by Abhishek Vishnoi)