The Hindu Business Line : Titan up on rising gold prices

Titan Industries rose 4.22 per cent on rising gold prices and on an expected jump in its exports. Dealers said there was always a "correlation" between Titan's share price and bullion prices, which have been bullish barring Monday's correction. On the BSE, the shares closed at Rs 751.55, up from Monday's Rs 721.10, while they were higher by about 3 per cent at Rs 749.10 on the NSE. Over 2.26 lakh shares changed hands on the BSE, compared to the two-week average of 1.46 lakh. On the NSE, over 6.44 lakh shares were traded. The company's watches are at present sold in about 40 countries through marketing subsidiaries based in London, Dubai and Singapore. Besides, it is the only player in organised retailing of jewellery with a pan-India network and excellent brand equity. Tanishq commands almost 70 per cent share in the branded jewellery market.

Rajesh Abraham

More Stories on : Stocks | Ear to the ground

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SEBI proposes lower fee for brokers

UTI Mutual plans Wealth Builder Fund

Meltdown forces fund managers to think different

Titan up on rising gold prices

Sugar stocks slip on fear of Govt intervention on pricing

Raymond gains on expansion plans

CBDT's supplementary instructions

Volatile movement

Markets bounce back in style

Just a correction, says Chidambaram

Tussle between bulls and bears

Bhoruka Fin issue figures in DLF offer document