Shares of Titan Company fell by nearly 5 per cent on Friday as the firm reported 14.79 per cent decline in profit after tax for the first quarter ended June.
The stock slumped 4.65 per cent to settle at Rs 323.85 on the BSE. During the day, it dipped 5.54 per cent to Rs 320.80 —— its 52—week low.
At the NSE, the scrip ended the day at Rs 323.65, down 4.47 per cent from its previous close.
The company’s market capitalisation fell by Rs 1,402.05 crore to Rs 28,750.95 crore.