Titan shares tank over 2% after Q1 earnings

New Delhi: Shares of Titan declined by over 2 per cent in morning trade on Thursday after the company reported a 4.3 per cent drop in its consolidated net profit in the June quarter.

The stock went lower by 2.29 per cent to Rs2,910 on the BSE after a weak beginning. At the NSE, it dipped 2.25 per cent to Rs2,910.

The stock was the biggest laggard among both the Sensex and Nifty firms. In the equity market, the 30-share BSE Sensex traded 172.58 points lower at 65,610.20 and the Nifty quoted 42.65 points down at 19,483.90.