Titan Co gains 1%; Tata Sons to acquire additional 0.22% stake

Tata Sons is reportedly planning to acquire additional 0.22% stake in Titan Company at an estimated price of over Rs. 66 crore.

Titan Company has gained 1% to Rs. 369.75 on BSE.  Tata Sons is reportedly planning to acquire additional 0.22% stake in Titan Company at an estimated price of over Rs. 66 crore. Tata Sons will acquire 0.22% stake from Tata International as part of restructuring its investment portfolio, the company reported.

The scrip opened at Rs. 368 and has touched a high and low of Rs. 373 and Rs. 368 respectively. So far 65,636 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 32555.63 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 448 on 03-Feb-2015 and a 52 week low of Rs. 303 on 01-Oct-2015. Last one week high and low of the scrip stood at Rs. 385.8 and Rs. 366 respectively.

The promoters holding in the company stood at 53.05 % while Institutions and Non-Institutions held 25.27 % and 21.67 % respectively.

The stock is currently trading below its 200 DMA.