Titan Company gains on reporting 12% rise in Q4 net profit

Titan Company is currently trading at Rs. 274.30, up by 3.25 points or 1.20% from its previous closing of Rs. 271.05 on the BSE. The scrip opened at Rs. 277.10 and has touched a high and low of Rs. 279.75 and Rs. 271.55 respectively. So far 297515 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 302.00 on 30-May-2013 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. 277.35 and Rs. 253.00 respectively. The current market cap of the company is Rs. 24178.86 crore. The promoters holding in the company stood at 53.05 % while Institutions and Non-Institutions held 24.10 % and 22.84 % respectively. Titan Company has reported 11.60% rise in its net profit at Rs 206.44 crore for fourth quarter and year ended March 31, 2014 as compared to Rs 184.97 crore for the same quarter in the previous year. Total income of the company increased by 7.04% at Rs 2828.88 crore for quarter under review as compared to Rs 2642.75 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 2.20% in its net profit at Rs 741.14 crore as compared to Rs 725.18 crore for the same period in the previous year. Total income of company improved by 8.05% at Rs 11035.98 crore for year under review as compared to Rs 10213.44 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 1.31% in its net profit at Rs 734.94 crore as compared to Rs 725.38 crore for the same period in the previous year. Total income of company has increased by 8.05% at Rs 11047.61 crore for year under review as compared to Rs 10224.18 crore for the period ended March 31, 2013.