NEW DELHI: Titan Company Ltd's shares fell almost 13 percent on Tuesday, its steepest decline in six years after the business reported restrained income development in the April-June quarter, backed by a hard macroeconomic setting and a weak consumer trend.
The inventory has hit a low of 1.091.10 on BSE so far today, down 12.9%, its largest slide since June 2013. The scrip traded at 10.13 am at some point at 1091.40. The inventory was down for today's fourth consecutive meeting, declining 18 percent over the period. The inventory has increased by 20 percent so far this year.
Global gold prices grew month-on-month by 8 percent in June, which analysts think is hurting consumer demand for the precious metal.
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