Titan Company shares surged 4.24% on April 8, reaching Rs 3,148 in early trade, making it one of the top gainers in the market. The stock opened at Rs 3,149, significantly higher than its previous close of Rs 3,022.20, and hit an intraday high of Rs 3,227, with a low of Rs 3,126.10. This marks Titan’s best trading session since July 2024, driven by strong growth expectations. The company announced that it anticipates a 25% rise in standalone revenue for the fourth quarter, boosting investor confidence and driving the stock higher.
Strong Market Rally on Impressive Q4 Growth
Titan Company Ltd. shares jumped nearly 4% in early trade on April 8, reaching Rs 3,185.75, marking their best trading session since July 2024. The stock opened higher at Rs 3,149, compared to the previous close of Rs 3,022.20, and hit an intraday high of Rs 3,227, with a low of Rs 3,126.10. The surge follows a strong 25% year-on-year growth in standalone revenue for the March quarter, as per the company’s latest business update, released post-market hours on Monday.
Titan’s jewellery business, which contributes the largest share of its revenue, saw a 25% rise in the fourth quarter, driven by increased consumer spending despite soaring gold prices. A sharp rally in gold, fueled by geopolitical uncertainties and economic concerns, encouraged affluent buyers to invest in high-value jewellery. The company reported strong double-digit growth in premium jewellery, indicating robust demand in the luxury segment.
Institutional Activity and Shareholding Pattern
Recent block deals and bulk trades suggest increased interest from Foreign Institutional Investors (FIIs) in Titan Company Ltd. As per the March 2025 shareholding data, FIIs hold 19.2% of the company’s shares, reflecting strong confidence in its growth potential. Domestic Institutional Investors (DIIs) account for 9.6%, while Retail and High Net-worth Individuals (HNIs) collectively own 14.5%. The Tata Group, as the promoter, maintains a majority stake of 52.9%, ensuring stability in the company’s long-term vision.