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    500114   INE280A01028

TITAN COMPANY LIMITED

(500114)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-08-11
2471.95 INR   +0.01%
08/14Rakesh Jhunjhunwala, 'India's Warren Buffett', dies at 62
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08/11TITAN : Quarterly Reporting Document
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08/05TRANSCRIPT : Titan Company Limited, Q1 2023 Earnings Call, Aug 05, 2022
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Indian shares suffer biggest weekly drop in two years

06/17/2022 | 06:43am EDT

BENGALURU, June 17 (Reuters) - Indian shares ended lower on Friday to post their biggest weekly decline in more than two years, drubbed by worries that rapid increases in interest rates to tame stubborn inflation could derail economic growth.

The NSE Nifty 50 index fell 0.44% to 15,293.5, while the S&P BSE Sensex fell 0.26% to 51,360.42. Both the indexes touched more than one-year lows in their sixth straight session of losses.

The blue-chip indexes logged losses of around 5.5% each for a week that saw the U.S. Federal Reserve hike interest rates by 75 basis points and the Swiss National Bank deliver its first rate hike in 15 years.

Analysts have said selling by foreign investors and fears of damage to economic recovery from aggressive monetary policy tightening were causing jitters in the market.

Foreign investors have withdrawn a net $3.64 billion from Indian equities this month after selling a net $5.18 billion in May.

"The rising cost of capital will impact valuation multiples and have an adverse impact on economic growth and corporate earnings," said Gaurav Dua, head of capital market strategy at Sharekhan.

The Nifty IT index and the Nifty Pharma index , which track some companies that are exposed to the U.S. market, were among the worst performing sub-indexes on Friday, falling 1.5% and 2.2%, respectively. The Nifty IT index posted a weekly drop of around 8%.

Shares of India's largest company, Reliance Industries , ended 1.2% higher after business channel ET Now reported that the company was considering buying out bankrupt cosmetics giant Revlon Inc in the United States. [nL4N2Y41TN ]

Titan Company was the biggest percentage loser on the Nifty, slumping 6% in its worst day in more than two years.

Shares of sugar manufacturers fell between 1% and 6% after Reuters reported India was likely to impose a ceiling on sugar exports from October to ensure ample domestic supplies and keep a lid on local prices. (Reporting by Chris Thomas in Bengaluru; Editing by Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.51% 0.66698 Delayed Quote.1.09%
BRITISH POUND / SWISS FRANC (GBP/CHF) -0.16% 1.1404 Delayed Quote.-7.51%
CANADIAN DOLLAR / SWISS FRANC (CAD/CHF) -0.31% 0.73468 Delayed Quote.2.04%
CHINESE YUAN RENMINBI / SWISS FRANC (CNY/CHF) -0.15% 0.139468 Delayed Quote.-2.78%
DANISH KRONE / SWISS FRANC (DKK/CHF) -0.42% 12.93 Delayed Quote.-6.66%
EURO / SWISS FRANC (EUR/CHF) -0.04% 0.96556 Delayed Quote.-6.90%
HONGKONG-DOLLAR / SWISS FRANC (HKD/CHF) 0.13% 12.031 Delayed Quote.2.47%
INDIAN RUPEE / SWISS FRANC (INR/CHF) 0.20% 0.011851 Delayed Quote.-3.54%
JAPANESE YEN / SWISS FRANC (JPY/CHF) 0.00% 0.7056 Delayed Quote.-11.19%
NEW ZEALAND DOLLAR / SWISS FRANC (NZD/CHF) -0.73% 0.60296 Delayed Quote.-2.82%
NIFTY 50 0.22% 17698.15 Delayed Quote.1.98%
NIFTY IT -1.15% 29885.9 Delayed Quote.-22.78%
RELIANCE INDUSTRIES LTD 1.62% 2633 Delayed Quote.11.18%
REVLON, INC. -2.53% 6.56 Delayed Quote.-42.15%
RUSSIAN ROUBLE / SWISS FRANC (RUB/CHF) 1.53% 0.015563 Delayed Quote.26.13%
SENSEX BSE30 0.22% 59462.78 Real-time Quote.2.08%
SINGAPORE-DOLLAR / SWISS FRANC (SGD/CHF) -0.13% 0.686 Delayed Quote.1.36%
SWEDISH KRONA / SWISS FRANC (SEK/CHF) -0.50% 0.09213 Delayed Quote.-8.48%
TITAN COMPANY LIMITED 0.01% 2471.95 End-of-day quote.-2.08%
US DOLLAR / SWISS FRANC (USD/CHF) 0.09% 0.94286 Delayed Quote.3.14%
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Financials
Sales 2023 343 B 4 304 M 4 304 M
Net income 2023 30 004 M 377 M 377 M
Net cash 2023 15 629 M 196 M 196 M
P/E ratio 2023 72,8x
Yield 2023 0,39%
Capitalization 2 195 B 27 562 M 27 562 M
EV / Sales 2023 6,36x
EV / Sales 2024 5,38x
Nbr of Employees 7 263
Free-Float 41,6%
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Mean consensus -
Number of Analysts 0
Last Close Price 2 471,95
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Managers and Directors
Venkataraman Coimbatore Chief Executive Officer-Jewelry
Ashok Kumar Sonthalia Chief Financial Officer
Saranyan Krishnan Thiru Chairman
Dinesh Shetty Secretary, Compliance Officer & General Counsel
Ashwani Kumar Puri Independent Non-Executive Director
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