Titan Company slips 2% to hit over four-month low; down 14% from 52-wk high

The stock was trading at its lowest level since August 23, 2022 and has slipped 8% in the last eight trading days

Shares of Titan Company slipped 2 per cent to hit an over four-month low of Rs 2,401 on BSE in Friday’s intra-day trade as a sudden spike in gold prices raised concerns on demand for wedding jewellery going ahead into the March quarter (Q4FY23).

Today, the stock was trading at its lowest level since August 23, 2022. In the past eight trading days, it has fallen 8 per cent. With this decline, Titan Company has now corrected 14 per cent from its 52-week high level of Rs 2,790, touched on October 31, 2022.

At 02:01 PM; it was quoting