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Stock Market Today: Titan Company Price declined more than 4% in morning trades on Monday post its Q1 results. the Q1 Results were declared on Friday post market hours.Â
Titan share price that opened at â‚ą3320.05, 4.1% lower than previous close of â‚ą3,462.35, further slipped lower to â‚ą3316 levels on the NSE on Monday
Tiran’s reported standalone net profit at â‚ą770 crore, came almost flat (marginal 1% lower) over the corresponding period last year. The revenue from operations in the first quarter however had risen close to nine per cent to Rs11,263 crore.Â
The increased gold prices hampered demand in its core jewelry business, which resulted in a subdued net profit growth for Titan Company
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