The Hindu Business Line : Timex Watches up on growth plans

Timex Watches also hit the permitted 5 per cent upper circuit on Wednesday at Rs 40.65 on buying by investors expecting substantial rise in revenues on the company's plans to open 100 new retail stores this year, dealers said. The company, which owned 75 per cent by the Netherlands-based Timex Watches BV, is also introducing new models to capture the upper end of the time-wear segment, dealers said. The counter attracted high volumes of 4.9 lakh shares on Wednesday compared to the two-week average of 1.59 lakh.

Rajesh Abraham

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