Shares of Titan Company Limited fell by 2.39% on November 4, 2024, closing at ₹3,215, down from the previous close of ₹3,293. This decline in stock price resulted in a decrease in the company’s market capitalization by approximately ₹6,987 crore, bringing its total market cap to ₹2,85,423 crore.
- Stock Performance: Titan’s stock opened at ₹3,318, reached a high of ₹3,318, and touched a low of ₹3,190.10 before settling at ₹3,215.
- Market Cap Impact: The share price drop from ₹3,293 to ₹3,215 led to a loss in market cap of about ₹6,987 crore, reflecting broader bearish sentiment in the market.
This decline highlights the challenges facing the jewellery and watches sector amid current market conditions, with Titan still below its 52-week high of ₹3,886.95, signaling possible upside if recovery trends emerge.
