#TITAN Rising ↗️↗️
Titan is the world’s fifth-largest wristwatch manufacturer and India’s leading producer of watches. Titan historically has been a wealth creator to the shareholders and continues to be as it appreciates by over 5% in the stock price in the past week.
Titan deals in the following segments:
🌟 Jewellery (89% of revenues are expected from this segment)
🌟 Watches and wearables (8% of revenues)
🌟 Eyewear (~2% of revenues)
🌟 Others- Fragrance (~1% of revenues)
The share jumped by 5% after the company released a positive quarterly result. Sales improved by 50% from the previous quarter, mainly due to festive demand across the jewellery segment where most of the company revenue comes from.
