Titan Industries

Titan will now make helmets, perfumes

Titan-logoBangalore, Aug 28 : India's leading watch, jewellery and eyewear maker Titan is set to make helmets in its new avatar as a Company instead of Industry with the star logo as its new identity.

"As part of our strategy to foray into unorganised and underserved segments in retail space, we will enter the helmet market in early 2014, with a superior quality product to ensure safety and comfort of two-wheeler riders," Titan managing director Bhaskar Bhat told reporters here Wednesday.

Titan earmarks Rs 450cr for capital expenditure in FY2013-14

Titan earmarks Rs 450cr for capital expenditure in FY2013-14Titan Industries Ltd (TIL) has announced its plans to spend Rs 450 crore on retail expansion and new manufacturing units during the current fiscal year.

The amount earmarked for capital expenditure in FY2013-14 represents a growth of three times over last year, in which the company had spent Rs 150 crore.

Tata Sons buys additional 4.37% stake in Titan

Tata Sons buys additional 4.37% stake in Titan Tata Sons hiked its stake in the jewellery maker Titan Industries from 10.85 per cent to 15.22 per cent by acquiring an additional 4.37 per cent stake from Kalimati Investment Co, a subsidiary of Tata Steel.

In a filing to the Bombay Stock Exchange (BSE) on Thursday, Titan Industries revealed that Kalimati Investment Co transferred its 387, 80, 000 equity shares in Titan Industries to Tata Sons.

Buy Titan Industries With Target Of Rs 4200

Buy Titan Industries With Target Of Rs 4200Technical analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on Titan Industries Limited stock with a target of Rs 4200.

Mr. Kulkarni said that the stock can be bought with a stop loss of Rs 3900.

The analyst also said that the said target can be attained within a period of 3-4 trading sessions.

The stock of the company, on April 05, closed at Rs 3960.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 4244 and a low of Rs 1875 on BSE.

Long Term Buy Call For Titan Industries

Long Term Buy Call For Titan IndustriesTechnical analyst Rajeev Agarwal has maintained 'buy' rating on Titan Industries Limited stock with a target of Rs 3600.

The analyst said that the stock can be purchased with a stop loss of Rs 3400.

The stock of the company, on December 27, closed at Rs 3477.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 4244 and a low of Rs 1375.05 on BSE.

Current EPS & P/E ratio stood at 75.60 and 45.99 respectively.

Titan Watches, Titan Industries Ltd's watch segment, is making big investments in Sonata.

Long Term Buy Call For Titan Industries

Long Term Buy Call For Titan IndustriesStock market analyst Ashwani Gujral has maintained 'buy' rating on Titan Industries Ltd stock to achieve a long term target of Rs 3756.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 3244.

The stock of the company, on Oct 06, closed at Rs 3416.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3430 and a low of Rs 1220.05 on BSE.

Current EPS & P/E ratio stood at 64.32 and 53.49 respectively.

Titan planning to open 150 new stores by March 2011

Titan planning to open 150 new stores by March 2011Titan Industries announced today that it will be investing Rs. 170 crore for starting 150 more stores through different formats by year end.

The company is looking to open 150 more stores in various formats by March 2011.

Titan, under Tata group firm sells products like watches, eyewear and jewellery under various brands like Titan, Sonata, Xylys, Fastrack, Titan Eye+ and Tanishq.

The total investment necessary for the expansion is amounting to Rs. 170 crore, especially for the jewellery stores for the 'Tanishq' brand.

Titan Industries Eyes 20% Increase In Sales Of Gold Jewelry

Titan Industries Eyes 20% Increase In Sales Of Gold JewelryIn spite of record hike in gold rates and gold jewelry, Titan Industries Limited (TIL) is eyeing around 20 per cent surge in the sale of gold jewelry in 2010.

Mr. Bhaskar Bhat. TIL's Managing Director made this announcement on Wednesday.

Titan Industries Q2 net slips 12%

Titan IndustriesWatch and jewellery manufacturer Titan Industries has posted a net profit of Rs 77.60 crore for the quarter ended September 30, 2009, down 12%, as compared to Rs 87.82 crore for the quarter ended September 30, 2008.

Total Income has increased from Rs 1089.92 crore for the quarter ended September 30, 2008 to Rs 1149.97 crore for the quarter ended September 30, 2009.

Titan Industries Limited, together with its subsidiaries, engages in the manufacture and retail sales of watches and clocks, and jewelry in India, the United States, and several other countries across the world.




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