Titan recovers from morning slump post mgmt clarification

Jul 23, 2013, 02.30 PM IST

CNBC-TV18's Pragya Bhardwaj reports that the RBI's reinstating the gold-on-lease model has made things easier for the company.

Like this story, share it with millions of investors on M3

CNBC-TV18's Pragya Bhardwaj reports that the RBI's reinstating the gold-on-lease model has made things easier for the company.

Like this story, share it with millions of investors on M3

Titan recovers from morning slump post mgmt clarification

CNBC-TV18's Pragya Bhardwaj reports that the RBI's reinstating the gold-on-lease model has made things easier for the company.

. Share . Email . Print . A+A-

Titan Industries recovered mid-afternoon after the stock slumped 17 percent after the management's clarification that the company does not export any kind of jewellery and buy gold from domestic bullions reports CNBC-TV18's Pragya Bhardwaj.

Bharadwaj adds that the RBI reinstated the gold-on-lease model that Titan focuses on. Last month, the stock cracked almost 15 percent post which there were questions about its inventory, buying gold on loan, hedging costs, etc. Now, all these questions have been put down by this one clarification of the government.

This news has just come in and complete details will follow shortly. We can send you an email alert when the details come. Register for your alert here.

Bergaya Sehat