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Titan Co is in discussions with Qatar's Mannai Corp to acquire a stake in Damas Jewellery, estimated at 4,500 crore. The acquisition would boost Titans presence in the GCC region. Previous talks failed due to valuation disputes, but renewed negotiations indicate strong interest from Titan.
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News and Media
After an uptick during the first month since its public listing on November 13 2024 where it gained 58% from the offer price of 390, the stock has gradually sunk below this threshold. In 2025 so far, it has lost 37%. The stock may remain under pressure in the short term given rising fixed costs and drag on contribution margin due to the fast pace of store additions.
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News and Media
Since September 27, the Nifty Smallcap 250 and Microcap 250 indices have plunged 21.4% and 20.2%, respectively, while the Nifty Midcap Index has slumped 17.7% in the same period.
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News and Media
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