Titan Shares Lead Recovery In Tata Group Stocks, Gain Nearly 7 Per Cent - Know Why

Titan Share Price: Shares of Titan gained nearly 7 per cent to trade at an intraday high of Rs 3227.25 apiece on the NSE on April 8. The stock led the recovery seen in Tata Group shares as it gained the most among all the Tata Group shares which are part of the Nifty 50 index.

Why Is Titan Share Price Rising

Shares of Titan gained after the company informed the exchanges about a business update for the fourth quarter of FY 2024-25. The company said that it achieved 25 per cent year-on-year (YoY) growth for the quarter and 21 per cent growth for the financial year.

Additionally, the company said that it has expanded its retail presence by adding 72 stores in the fourth quarter of the fiscal and now has 3,312 stores, across all its verticals.

The company said that its jewellery business witnessed a growth of 25 per cent in the fourth quarter of FY25 compared to the corresponding quarter of the preceding fiscal.

The Tata Group company added that gains were made on the back of a significant increase in gold prices.

The company is also present in the wristwatch market via brands such as Titan, Fastrack and Sonata. Titan said that its watch business grew by 18 per cent in the March quarter of FY25. The company’s eyecare business also grew by 19 per cent year-on-year in the quarter under review. The company’s emerging businesses grew by 7 per cent during the quarter on a year-on-year basis.

On the store expansion front, Titan’s jewellery business added 19 stores, increasing its total stores to 768 stores. The company’s watch business added 41 new stores, increasing its total stores to 1235 on the other hand the company’s eyecare business closed nine stores reducing its stores to 898. The company’s emerging businesses had a total of 88 stores at the end of the fiscal.

Titan Shares Lead Recovery In Tata Group Stocks

Shares of Titan gained the most among all the Tata Group stocks which are a part of the Nifty 50 index. Notably, shares of six Tata group companies are a part of the Nifty 50 index. Shares of Titan Ltd, Tata Motors Ltd, Tata Steel Ltd, Tata Consumer Products Ltd, Tata Consultancy Services and Trent Ltd witnessed a deep decline on April 7. Shares of Trent Ltd declined the most among the Tata Group pack, hitting an intraday low of 19 per cent intra-day. Shares of Tata Steel also declined significantly.

However, on April 8, most Tata Group stocks have made a brief recovery and are trading in the green in early trade. At the time of writing, shares of Titan had recovered the most trading higher by 3.86 per cent at Rs 3,138.8 apiece on the NSE. Other Tata group stocks such as Tata Motors, Tata Steel, Tata Consumer Products Ltd, Tata Consultancy Services traded higher by as much as 1.54 per cent. On the other hand, shares of Trent continued to trade lower by 0.14 per cent on the NSE.

Titan Share Price History

Shares of Titan have declined over 17 per cent in a year on the NSE. On a year-to-date basis, the stock has fallen over 3 per cent. In six months shares of the company have fallen over 10 per cent. In a month the company’s stock has climbed 0.66 per cent. In five days the stock has gained over 4 per cent.