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As On 27-Nov-2020 EOD,
Trading Holiday (Gurunanak Jayanti)
44,149.72
-110.02 (-0.25%)
NIFTY
12,968.95
-18.05 (-0.14%)
SENSEX
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  • Titan at 52-week high; rises 6.4% in two days

    Titan Company surged 5.4% to Rs 1362.20, rising for second consecutive trading session.

    The counter has gained 6.45% in two trading sessions from its previous closing low of Rs 1279.65 on 18 November 2020.

    The stock hit a 52-week high of Rs 1364.1 in intraday today. It trades only 2% away from its record high of Rs 1389.85 posted on 25 October 2019. Shares are up 89% from their 52-week low of Rs 720 posted on 24 March 2020.

    Titan was in spotlight after the company on Thursday (19 November) said that it saw good traction across all its businesses in the festive season.

    The firm added that its jewellery business witnessed a mid-teens growth (around 15%) for the 30 day festive season starting from Dussehra till Diwali over the corresponding period last year, with a decent recovery in studded jewellery sales.

    The watches and wearables business also did quite well in the festive season with recovery close to last year levels. Eyewear segment has also witnessed good traction, it added.

    On a standalone basis, the company's net profit declined 37.8% to Rs 199 crore on 11% fall in net sales to Rs 3892 crore in Q2 September 2020 over Q2 September 2019.

    Shares of Titan Company have surged nearly 21% in last three months, outperforming the Nifty 50 index which added 13.69% in the same period.

    Titan Company is engaged in making and selling watches, jewellery, eyewear and others. The company's retail chain (including CaratLane) stands at 1,832 stores, as on 30 September 2020 with a retail area crossing 2.4 million sq ft for all its brands covering 290 towns.

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Flash News 30-Nov-2020
  •  ( 17:27) Burger King India IPO to open on 2nd Dec  
  •  ( 16:39) Gayatri Projects bags order from Uttar Pradesh  
  •  ( 15:38) HCC-VCCL JV bags Rs 236 cr order from Northeast  
  •  ( 13:29) Hero MotoCorp appoints Michael Clarke as the COO and CHRO w.e.f. Jan 1  
  •  ( 12:05) Ashok Leyland renames UK-based arm to 'Switch', unveils global EV plans  
  •  ( 10:20) Indiabulls Housing sells partial stake in OakNorth Holdings  
  •  ( 09:15) Dr Reddys to acquire select anti-allergy brands of Glenmark  
  •  ( 09:04) BSE, NSE closed today for Guru Nanak Jayanti  
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27 November 2020 00:00
2217.35
(2.85 %)
602.10
(-1.75 %)
3172.65
(1.36 %)
4903.30
(1.56 %)
8755.20
(-0.70 %)
463.30
(-1.07 %)
2257.55
(0.85 %)
822.20
(-2.39 %)
1440.70
(1.00 %)
2137.20
(-0.74 %)
472.80
(-0.55 %)
857.65
(0.85 %)
1100.55
(-1.18 %)
193.70
(-0.56 %)
1901.65
(0.63 %)
1115.80
(-0.33 %)
720.05
(-1.23 %)
7026.70
(0.48 %)
17657.60
(-0.54 %)
94.20
(0.11 %)
78.50
(-2.12 %)
192.50
(-2.63 %)
1929.85
(-1.23 %)
244.30
(-0.47 %)
511.55
(-0.01 %)
577.85
(1.57 %)
2679.15
(-1.53 %)
876.15
(2.20 %)
1357.85
(2.32 %)
4802.75
(-0.64 %)
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