Titan Co soars 1%; RBI permits up to 35% investment by FIIs/RFPIs

Titan was removed from the caution list regarding raising of aggregate ceiling for investments by FIIs/RFPIs in Indian companies under Portfolio Investment Scheme (PIS), the RBI has permitted FIIs/RFPIs to invest up to 35% of the paid-up capital of the company under the PIS

Titan Company rose 1% to Rs. 366 on BSE. Removing Titan Company Ltd from the caution list regarding raising of aggregate ceiling for investments by FIIs/RFPIs in Indian companies under Portfolio Investment Scheme (PIS), the RBI has permitted FIIs/RFPIs to invest up to 35% of the paid-up capital of the company under the PIS. Around 19.1 lakh shares were traded in a single block at Rs. 365.85 on the BSE.

The scrip opened at Rs. 369 and has touched a high and low of Rs. 378 and Rs. 364.15 respectively. So far 3385357(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 32200.51 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. 375.4 and Rs. 356.4 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.