Goldman Sachs is of the view that the demand outlook is losing its shine and it sees a significant impact on earnings for Titan as the GDP growth slows.
Intellect Design Arena Ltd, a Polaris Group company, has reported a net loss of Rs 7.94 crore for the three month period ending September 30.
Jhunjhunwala has purchased 2.24 percent equity stake in the company during July-September quarter. It was in addition to 3.73 percent stake already held in his wife's name Rekha Rakesh Jhunjhunwala, as per latest shareholding data available on exchanges.
Titan Industries, India's largest watch manufacturer, was the top loser among the BSE 100 Index on Tuesday.