When Big Bull grilled Titan top brass on its hedging account

NEW DELHI: Ace investor Rakesh Jhunjhunwala has sought clarity over Titan Companys large hedges, which dragged the jewellery makers June quarter bottom line into the red.
The Tata Group firm, which reported Rs 270 crore loss, said its numbers were impacted by hedging losses, even though they were offset partly by inventory gains.
Brokerages such as Kotak Securities noted that the quantum of hedging losses and inventory gains were not disclosed in the companys June quarter earnings and believed…

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