Titan shares fall as earnings disappoint

Shares in Tata Group firm Titan Industries fell over 5 percent in opening trades after the company post market hours on Monday reported a lower that expected 16 percent rise in its September quarter net profit at 1.48 billion rupees.

Volatility of gold prices has affected demand and higher diamond prices have affected sales of studded jewellery too,festive sales have started on a sluggish note,J.P. Morgan said in a note.

At 9.56 a.m.,shares were at 216.75 rupees,down 4.35 percent.

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