Titan's stock price up by 44% in the past 4 months

31 Oct 2022 , 12:33 PM

On expectations for excellent September quarter (Q2FY23) earnings, Titan Company shares increased 2% to a record high of Rs2,790 per share on Monday. The stock has surpassed the Rs2,767.55 previous high that it reached on March 21, 2022.

It has increased dramatically over the last four months, rising between 44% and 53% from its 52-week low of Rs1,827.15 on July 1, 2022. On Friday, November 4, 2022, the Titan board of directors will convene to discuss and approve the unaudited financial statements for the three months and six months ended September 30, 2022.

The company reported that overall revenues increased by 18% YoY in Q2FY23 in its quarterly business update. Sales of watches and wearables increased by 20%, while sales of jewellery, excluding bullion, increased by 18%. In the quarter that concluded in September 2022, the corporation opened 91 new stores across all segments. When it comes to revenue, earnings, and stock price performance over the past five years, Titan has outperformed all of its consumer-related competitors.

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