Titan share price drops despite strong Q2 business update. Should you buy the Tata group stock?
Titan share price traded over 2% lower on Monday despite the company reported strong business performance for the quarter ended September 2024, exceeding analysts’ expectations. Titan shares opened 2.36% higher at a high of ₹3,750.00 apiece on BSE, but soon gave up gains on profit booking and were trading over 2% lower.
The Tata group firm, Titan Company, reported 25% year-on-year (YoY) growth in Q2FY25 led by higher than expected growth across most business segments. The company added a total of 75 stores (net) during the quarter expanding its combined retail network presence to 3,171 stores.
Jewellery domestic operations grew 25% YoY in Q2 after a relatively soft Q1. The non-solitaire studded segment recorded growth in high…
