INSUBCONTINENT EXCLUSIVE:
Titan shares dropped to as much as Rs 1,150 apiece on the NSE.Shares of the jewellery and watch retailer - Titan Company - settled 10 per
cent lower, a day after the company reported 1.8 per cent rise in net profit and cut its revenue guidance to 11 per cent-13 per cent for
year-on-year growth for the quarter ended September 30, 2019
On the Bombay Stock Exchange (BSE), Titan shares fell as much as 10.42 per cent to an intraday low of Rs 1,150 apiece
It finally closed 9.96 per cent lower at Rs 1,156 apiece on the BSE
On the National Stock Exchange (NSE), Titan shares opened lower at Rs 1,165 apiece and dropped to as much as Rs 1,150 apiece, marking a
decrease of 10.42 per cent
It ended 10.09 per cent lower at Rs 1,154.30 on the NSE.Titan on Tuesday reported 1.8 per cent rise in net profit at Rs 320.16 crore for the
second quarter ended September 30, 2019
The company had posted a standalone profit of Rs 314.38 crore in the same quarter last year
The income for April to September 2019, the first half of this financial year, stood at Rs 9,375 crore, registering a growth of 7.4 per
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