Titan shares slip 3% intraday despite double-digit growth in Q3 sales; Kalyan Jewellers zooms over 6%
Titan Share Price NSE: Titan Share Price NSE, Kalyan Jewellers Share Price NSE: The company in its filing to the stock exchanges informed about standalone 12 per cent year-on-year growth across businesses.
Titan Share Price NSE, Kalyan Jewellers Share Price NSE: Titan Company Limited shares slipped nearly 3 per cent intraday on Monday, notwithstanding double-digit sales growth reported by the company in its October-December quarter and buoyant stock markets. The company in its filing to the stock exchanges informed about standalone 12 per cent year-on-year growth across businesses.
Shares fell on slightly lower sales numbers than estimated by CLSA. The brokerage firm estimated a 13.4 per cent overall growth.
Titan shares opened at Rs 2,529.95 on NSE. The Tata Group’s flagship fashion and jewellery brand stock quoted Rs 2,494.85, down by 1.94 or by Rs 49 per cent at 1 pm.
On Friday, the company in its quarterly update announced its Q3 sales figures across segments aided by healthy consumer demand which was spurred during the festive season.
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