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Titan Company Limited (TITAN.BO)
| Previous close | 3,647.05 |
| Open | 3,647.05 |
| Bid | 3,530.00 x 0 |
| Ask | 3,539.40 x 0 |
| Day's range | 3,501.15 - 3,658.10 |
| 52-week range | 2,559.30 - 3,885.00 |
| Volume | |
| Avg. volume | 64,865 |
| Market cap | 3.131T |
| Beta (5Y monthly) | 0.47 |
| PE ratio (TTM) | 90.37 |
| EPS (TTM) | 39.02 |
| Earnings date | 05 Apr 2024 |
| Forward dividend & yield | 10.00 (0.27%) |
| Ex-dividend date | 13 Jul 2023 |
| 1y target est | 1,015.79 |
- Reuters SG
UPDATE 1-Aditya Birla Group bets on branded jewellery with over $600 mln investment
India's Aditya Birla Group said on Tuesday it was foraying into the branded jewellery retail business with an investment of 50 billion rupees ($605.2 million), as it looked to attract affluent customers in a crowded market. A new venture, named Novel Jewels Ltd, will house the jewellery business that will build large retail stores across India with in-house brands, the group said in a statement. The telecom-to-metals conglomerate's entry comes at a time when the market is dominated by thousands of small and large local independent jewellery stores, as well as branded outlets like Titan Company-owned Tanishq and CaratLane, and Kalyan Jewellers.
- Reuters SG
Temasek considers investing $100 mln in Indian jeweller BlueStone -sources
Singapore state investor Temasek Holdings is considering investing $100 million in Indian jeweller BlueStone for a stake of about 20%, two sources with direct knowledge of the matter told Reuters. The investment would value Bengaluru-based BlueStone, also backed by venture capital firm Accel and Indian industrialist Ratan Tata, at close to $500 million, said one of the sources, who declined to be identified as the matter is private. The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic.
