Wednesday, 8 February 2017

Titan Company surges over 9% on robust Q3

Ripples Advisory Private Limited, Indore @9303093093

Shares of Titan Company jumped over 9 per cent on the Bombay Stock Exchange after the company reported a growth of 13.08 per cent in its net profit at Rs 255.75 crore for the October-December quarter of 2016, despite some headwinds on account of demonetization. Boosted by the strong Q3, shares of company gained as much as 9.55 per cent in intraday trade to Rs 431.00 apiece on the Bombay Stock Exchange. 

In a similar fashion, stocks of firm advanced 8.55 per cent to Rs 427.10 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 28,316.83, down 18.33 points, or 0.06 per cent.

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