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Titan shares slump 5.5% post Q1 update; Rs 900 cr knocked off Jhunjhunwalas’ portfolio
Titan Company's shares plummeted 5.5% after Q1 business update disappointed analysts, impacting the Jhunjhunwala family's portfolio. Core jewellery segment growth was lower than expected due to surging gold prices affecting consumer sentiment. Brokerages turned cautious amid competition, while Titan focuses on strategies to attract customers despite modest growth.
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