The stock closed at 4,513.40 rupees on Friday as the BSE Sensex fell 0.66% to 77,328.19 in a broadly weak session.
Titan finished 0.78% below its 52-week high of 4,548.95 rupees, reached on 16 April, and outperformed Gitanjali Gems, whose shares were unchanged.
Trading volume reached 242,286 shares, far above the 50-day average of 38,086, indicating unusually strong investor activity despite the wider market decline.
With revenues soaring 80%, why are Titan's profit margins shrinking and its new international jewellery business posting losses?
Can Titan's lab-grown diamonds win over a nation traditionally obsessed with the cultural value of natural gold and gems?