Titan Industries, largest watch
manufacturer, climbed on Thursday after it reported an increase of
21.35% in net profit for the quarter ended September 2012.
During the quarter net profit rises to Rs 1.80 billion for the
quarter ended Sept. 30, 2012 as compared to Rs 1.49 billion in the
same period last year. Shares ofthe companyare trading at Rs
270.40, up Rs 11, or 4.24% at the Bombay Stock Exchange (BSE) on
Thursday at 9:51 a.m.Net sales during the quarter increased 8.57%
to Rs 22.76 billion, when compared with the same period last year. 
During the quarter, the operating
profit margin increased 93 bps to 10.39% from 9.46% for the same
period last year.The scrip has touched an intra-day high of Rs
272.90 and low of Rs 260.75. The total volume of shares traded at
the BSE is 183,971.In the earlier session, the shares gained 0.62%,
or Rs 1.6, at Rs 259.40. Currently, the stock is trading down 4.28%
from its 52-week high of Rs 282.50 and above 75.13% over the
52-week low of Rs 154.40.
Post a Comment