Money on the markets
A maturing market amid the mayhem
Shares in Titan Industries rose to a lifetime high on Monday. The company announced its quarterly results on January 30 with a net profit of 754.3 million rupees, up nearly 500 percent from a year ago.
Its shares ended 13.6 percent higher at 1,703 rupees with volumes of 0.14 million shares. BSE Consumer Durable Index ended 5.7 percent higher.
The company has given returns of over 19 percent in the current year.
Would you invest in the counter at this point?
Private airline operators had on Friday announced they would suspend operations on August 18 to protest the lack of government relief for the ailing industry.
The BSE Sensex extended gains on Monday to cross the 15,000 mark as hopes of recovery in corporate earnings boosted confidence worldwide.