Titan Company shares plunged nearly 11 percent intraday on July 9 after the company reported slowdown in its jewellery business in a June quarter. Consequently, Global brokerage Credit Suisse also downgraded the stock to neutral.
Its revenue in the quarter ended June 2019 grew a muted 13 percent as a
sharp increase in gold prices dented consumer demand significantly. Jewellery business contributed 82 percent to total revenue in FY19.
For more information on Equity Market News Call us ✆ – 0731-6642300 or Visit http://www.epicresearch.co
Connect with our social media sites
Follow @Epic_Research
No comments:
Post a Comment