Titan Industries is currently trading at Rs 3,875.50, up by 32.50 points or 0.85% from its previous closing of Rs 3,843.00 on the BSE.
The scrip opened at Rs 3,850.00 and has touched a high and low of Rs 3,953.95 and Rs 3,836.35 respectively. So far 1,06,833 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 4,244.00 on 11-Nov-2010 and a 52 week low of Rs 1,827.25 on 31-Mar-2010.
Last one week high and low of the scrip stood at Rs 3,953.95 and Rs 3,492.00 respectively. The current market cap of the company is Rs 17302.95 crore.
The promoters holding in the company stood at 53.41% while Institutions and Non-Institutions held 19.00% and 27.58% respectively.
The jewellery retail chain arm of Titan Industries - Tanishq, is planning to set up around 15 showrooms in various parts of the country with an investment of Rs 150 - 200 crore in the next fiscal year.
The area of proposed showrooms would range from 3,000 sq ft to 20,000 sq ft, including four to five large showrooms spanning total area of over 8,000 sq ft each. The largest of the upcoming outlets would be a 20,000 sq ft showroom in Mumbai.
The company had recently launched its sixth showroom in Chennai, at Chromepet. With launch of the new showroom in Chennai, Tanishq retail chain presently has 123 exclusive boutiques in 76 cities. The new showroom in Chennai, of 4,000 sq ft, would provide a range of traditional Bengali jewellery, wedding jewellery in plain gold, diamonds, polki and kundan. The new showroom would also provide facilities including Karatmeter, a device to measure the purity of gold, for its customers.
Tanishq is a prominent jewellery brand of India and a division of Titan Industries. It pioneered the concept of branded jewellery and ornaments in India. Tanishq, India’s largest, most trusted and fastest growing jewellery brand, offers traditional as well as trendy designs in gold, diamond and platinum.
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