Bhaskar Bhat

PAN requirement: Titan sees Rs 500-cr hit on sales this fiscal

Jewellery and watches major Titan Co expects to take a hit of up to Rs 500 crore this fiscal due to government's move to lower the transaction threshold of quoting PAN to Rs 2 lakh from Rs 5 lakh earlier.

Titan: Valuation too expensive, it's time to move on

According to Citi estimates, the stock is trading at 27 times its 1-year forward earnings, which, the brokerage says, is very expensive.

Titan to enter Indonesia through distribution tie-up, stock gains 3%

The stock market reacted positively to the news, with the stock touching a high of Rs 237.45 at 3pm today.