Titan Company shares plunged 5.5% on Tuesday, wiping nearly ₹900 crore off the Jhunjhunwala family’s holdings, following a weaker-than-expected Q1 business update. The Tata Group firm, in which the late investor’s family owns a 5.15% stake, saw investor sentiment sour amid gold price volatility.
The decline follows a similar trend in Tata’s retail arm Trent, which recently missed revenue expectations—raising fresh doubts about the high valuations of premium consumer stocks.
