The stock fell 0.31% to 4,358.25 rupees on Wednesday as the BSE Sensex rose 1.22% to 77,958.52.
Titan closed 4.19% below its 52-week high of 4,548.95 rupees, reached on 16 April, and lagged peer Gitanjali Gems, whose shares were unchanged.
Trading volume was 35,564 shares, slightly below the 50-day average of 36,697, indicating relatively muted activity despite a broadly positive market session.
Titan's profits are soaring, yet its stock is slipping. What crucial market headwind are investors overlooking?
As gold prices soar and spending slows, is Titan’s pivot to lab-grown diamonds a masterstroke or a massive gamble?
Are record gold prices forcing a permanent shift in India's jewelry traditions, away from gold and towards diamonds?