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Titan Company rises on inking pact with US firm FTS
Titan Company is currently trading at Rs. 1088.50, up by 5.20 points or 0.48% from its previous closing of Rs. 1083.30 on the BSE.
The scrip opened at Rs. 1090.80 and has touched a high and low of Rs. 1092.50 and Rs. 1083.50 respectively. So far 11276 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1096.25 on 12-Mar-2019 and a 52 week low of Rs. 731.70 on 09-Oct-2018.
Last one week high and low of the scrip stood at Rs. 1096.25 and Rs. 1037.85 respectively. The current market cap of the company is Rs. 96173.87 crore.
The promoters holding in the company stood at 52.91%, while Institutions and Non-Institutions held 26.81% and 20.29% respectively.
Titan Company has entered into an alliance with FTS USA LLC to assist the American watchmaker in setting up an assembly unit in the US. According to the deal, the company will extend its support to FTS by supplying quartz movement kits and training US engineers.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags, and belts.
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