Titan Shares Hit New All-Time High; Among Top Nifty Gainers In Trade Today

Titan Shares in a strong market continues its winning run and is among the top Nifty gainers in trade on March 17, 2022. The scrip has also hit its fresh 52-week high in trade today of Rs. 2719.65, after gaining over 5% intra-day. As per the ET insights on the stock, in the last 17 years, only in 3.28% trading session, the stock of Titan gained by over 5% intraday.

The company in its filing dated March 16, 2022 informed about the Schedule of Analyst or Institutional Investor Meeting of the Company planned in the month of March 2022.

Last week on Friday, the company said its subsidiary has inked an agreement to acquire 17.5% voting rights in US-based Great Heights Inc for USD 20 million (around Rs 152 crore). TCL North America Inc (TCLNA), a wholly-owned subsidiary of the company, has signed a stock purchase agreement with Great Heights Inc for subscription of shares with voting preferred stock in the capital stock of Great Heights, the jewellery and watch maker said in a regulatory filing.

The stock is in a buoyant mood and in its recent quarterly results, the firm's total income from operations increased both QoQ and YoY to Rs. 9515 crore. Also, its PAT figure more than doubled YoY to Rs. 987 crore.