Shares of Titan Company fell to their lowest in 14 sessions on Tuesday. The consumer goods and jewellery firm's stock fell to a low of Rs  3441 on July 8, its lowest level since June 19  this year.  The stock is weak in the short term with losses of 1% in six months and 35 in six months. 

Titan Company shares slipped 6% to Rs 3441 today against the previous close of Rs 3666.85 on BSE.

The weakness in the stock came today after the Gems and jewellery firm releases its business updates in Q1 of the current fiscal. 

Titan reported a 20 per cent YoY rise in its consumer business during the quarter. The Tata company added 10 new stores, expanding its retail network to 3,322 outlets.
Titan said that its domestic jewellery operations grew 18% YoY in the quarter, led by gold price volatility affecting consumer sentiments. Titan said buyer growth was flat on YoY basis for both TMZ brands (Tanishq, Mia, Zoya) and CaratLane. Titan said that TMZ brands added 19 new stories, taking total count to 1086 stores.

Meawnhile, a total of 1.40 lakh shares changed hands amounting to a turnover of Rs 45.89 crore. Market cap of the firm fell to Rs 3.05 lakh crore. The stock has climbed 9 per cent in a year and risen 61% in three years.