Monday 17 September 2018

Titan stocks drops ~2% on gold import duty hike reports

Shares of Titan and other gems and jewelry companies dropped ~2% in morning trade on the BSE on Monday after a government announcement over gold imports. The government's intention to cut non-essential imports to contain current account deficit (CAD) could lead to a 2-3% hike in import duty on gold, as per media reports.


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