Titan sheds 6% in intra-day deals as govt hikes gold import duty to strengthen falling rupee
Updated: 01 Jul 2022, 04:35 PM IST
TL;DR.Titan fell as much as 5.9 percent to its day's low of ₹1,827 in intraday deals on BSE. However, the stock ended flat, up 0.2 percent at ₹1,926 as against a 0.2 percent decline in BSE Sensex.
Titan fell as much as 5.9 percent to its day's low of ₹1,827 on BSE after the government increased import duty on gold to 12.5 percent from 7.5 percent. In comparison, the Sensex was also trading around a percent lower.