Titan shares tumble 5% as Q1 update disappoints street; Should you buy?

Shares of Titan fell 5% after its jewellery domestic revenue in the first quarter came in less than expected

Shares of Titan declined 5 per cent in Tuesday’s trade after the company’s jewellery business growth fell short of expectations, with its first-quarter update disappointing the street.

 

The Jewellery and watch maker's stock fell as much as 4.99 per cent during the day to ₹3,483.2 per share, the biggest intraday fall since February 28 this year. The stock pared losses to trade 4.5 per cent higher at ₹3,500 apiece, compared to a 0.08 per cent advance in Nifty 50 as of 9:42 AM. 

 

Shares of the company fell for the second consecutive day on Tuesday and