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Jul 31, 2012, 02.17 PM IST
Shares of Titan Industries, country's largest watch manufacturer, dropped more than 3.5% on Tuesday as the company has disappointed the street by reporting lower than expected numbers in the quarter ended June 2012.
Shares of Titan Industries , country's largest watch manufacturer, dropped more than 3.5% on Tuesday as the company has disappointed the street by reporting lower than expected numbers in the quarter ended June 2012.
Net profit rose by 9% year-on-year to Rs 156 crore in the quarter and total income increased 10.45% to Rs 2,231 crore. Analysts on an average had expected net profit of Rs 166.3 crore and total income at Rs 2,470 crore during the quarter.
At 14:02 hours IST, the share was trading at Rs 224.70, down 3.56% amid large volumes. Market capitalisation of the company currently stands at Rs 19,948.56 crore.
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