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Why Titan Share Price Is Down In Red Even After Posting Strong Q2 Update

Published 07-10-2024, 09:35 am
Updated 07-10-2024, 10:46 am
© Reuters.  Why Titan Share Price Is Down In Red Even After Posting Strong Q2 Update
TITN
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by Benzinga -

Titan (NS:TITN)‘s share price was wobbly on Monday morning even as the company posted a strong business update for the quarter ended September. The update received mixed reactions from brokerages.

What Happened: The Tata Group company reported a growth of around 25% in the September quarter. The jewellery giant opened 75 new outlets during the quarter, taking its total retail network to 3,171 stores.

The jewellery division saw a strong 26% year-on-year growth. The watches and wearables segment also performed well, growing 20%. In the EyeCare division, growth was more moderate at 6%, with two new stores added during the period. Meanwhile, emerging... Continue reading the full story on Benzinga

Read the original article on Benzinga

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