Titan has partnered with e-commerce giant Amazon to foray into the US market, reported a national news agency.

Amazon’s Global Selling Programme will enable Titan to take its vast range of watches to millions of global customers across ethnicities on Amazon.com in the US and eventually across other Amazon marketplaces.

Amazon India Director and GM – Seller Services, Gopal Pillai, while interacting with the media on Tuesday said that they are very excited to take Titan to US and soon to all market places and Titan will be using their flagship product ‘Fulfillment by Amazon’ so that Titan can sell all its products to their FC (Fulfillment Center) and it is available for one-day or two-day shipping in the US.

Meanwhile, Titan Company was trading at Rs 613.60 per share, up by Rs 4.15 or 0.68 as at 1000 hours on Wednesday, on the BSE.

Stock view:

Titan Company Ltd is currently trading at Rs 614.25, up by Rs 4.8 or 0.79% from its previous closing of Rs 609.45 on the BSE.

The scrip opened at Rs 617 and has touched a high and low of Rs 617 and Rs 606.55 respectively. So far 1210676(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 54106.13 crore.

The BSE group ‘A’ stock of face value Rs 1 has touched a 52 week high of Rs 617.2 on 07-Aug-2017 and a 52 week low of Rs 296.3 on 21-Nov-2016. Last one week high and low of the scrip stood at Rs 617.2 and Rs 539.35 respectively.

The promoters holding in the company stood at 53.05 % while Institutions and Non-Institutions held 27.06 % and 19.89 % respectively.