Rakesh Jhunjhunwala's pet stock Titan Company sees three downgrades, lacklustre June quarter: Will the jewel shine again?

Titan Company share price which stood at Rs 1,328 level on July 3 has lost 17% since then due to a flurry of downgrades, a dim June quarter for jewellery business and rise in import duty on gold from 10% to 12% in Union Budget 2019.

Investors in Titan Company have lost Rs 21,516 crore in last eight trading sessions since June 28. On June 28, the market cap of the stock stood at Rs 1.18 lakh crore. Today, it fell to Rs 96,940 crore level on BSE.

Rakesh Jhunjhunwala\'s pet stock sees three downgrades\, lacklustre June quarter: Will the jewel shine again?

Rakesh Jhunjhunwala's pet stock Titan Company sees three downgrades, lacklustre June quarter: Will the jewel shine again?

Titan Company share price which stood at Rs 1,328 level on July 3 has lost 17% since then due to a flurry of downgrades, a dim June quarter for jewellery business and rise in import duty on gold from 10% to 12% in Union Budget 2019.