The Titian Company reported stellar numbers for the December quarter with profits up by 35% and net sales up 34%. The stock hit its 52-week high for the day and closed as the top gainer on Nifty50, up 3.32% on Monday. During the third quarter, the watch company achieved the expected results in the market and the leading brake firms rating the shares contributing to the share rally.
The Company recorded total sales income of Rs 5,733 crore in Q3FY19 as against Rs. 4243 crore on yoy basis. EBITDA grew 39% to Rs. 645 crore in for the quarter as against Rs. 463 crore, yoy. The company’s profit after tax (PAT) grew by 35% to Rs. 416 crore as against Rs. 308 crore yoy.
This earning advancement brought cheers among investors which led to a sharp surge in the price of Titan stocks on BSE and NSE. The stock closed at Rs. 1,025.70 per share, up by 3.47 per cent on BSE, with Sensex rising 113 points up at 36,583-mark while on the NSE, it quoted at Rs. 1024.50 up by 3.32 with Nifty showing at 10,912-level up by 3.32 percent.
BUY INFRATEL FUTURE ABOVE 301 TARGETS 306
BUY RELIANCE FUTURE ABOVE 1329.25 TARGETS 1349.25