Titan Industries is currently trading at Rs. 219.10, up by 6.80 points or 3.20% from its previous closing of Rs. 212.30 on the BSE.The scrip opened at Rs. 217.00 and has touched a high and low of Rs. 220.85 and Rs. 213.10 respectively. So far 114902 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 313.60 on 30-Nov-2012 and a 52 week low of Rs. 200.00 on 13-Jun-2013.
Last one week high and low of the scrip stood at Rs. 236.85 and Rs. 206.60 respectively. The current market cap of the company is Rs. 19526.86 crore.
The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 22.94% and 24.01% respectively.
Titan Industries, the country’s leading watch, jewellery and eyewear maker, will enter the helmet market in early 2014, with a superior quality product to ensure safety and comfort of two-wheeler riders. The company will, however, not manufacture helmets but source them from vendors in the sector and market them under its Titan brand. The company is also planning to enter into fragrance market in the near future.
Titan is India’s largest manufacturer of quartz watches and has a 60% market share in the Indian market. It is world’s sixth largest manufacturer of branded watches. It has a manufacturing and assembly unit at Hosur in Tamil Nadu.
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