Titan shares spurt after strong Q1 results- 04 Aug 2017

titan company logo Shares of Titan Company advanced 9.25 percent to Rs 609.10 today on BSE. The stock surged 0.84 percent to settle at Rs 557.55 on 3 August 2017.

The large-Cap company is having an equity capital of Rs 88.78 Cr. The Face value per share is Re 1.00. The net profit of Titan Company rose 96.85 percent to Rs 237.97 crore on 42.19 percent rise in net sales to Rs 3985.14 Cr, in Quarter first June 2017 over June 2016.
The Company stated quarter first June 2017 was significantly good quarter for the company. Profit was acquired largely by a robust growth in the jewellery business.

Titan said it has put together plans to accelerate demand for all its product categories via innovative advertising campaigns and new product starlings in the coming quarters.