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Titan investors Lose 17k cr in Four Sessions, Know How...?

Titan Company witnessed its biggest single-day fall in 11 years after the stock of the company plummeted as much as 14 percent intraday before closing 12 percent down on July 9.
The slump was in reaction to the company's report that indicated a slowdown in the jewellery business, coupled with triple rating downgrades from global brokerage firms Morgan Stanley, HSBC and Credit Suisse.
Morgan Stanley downgraded the firm to equalweight from overweight with a target of Rs 1,300 per share. Meanwhile, Credit Suisse downgraded the stock to neutral from outperform with target unchanged at Rs 1,250 per share. HSBC downgraded it to hold from buy, maintaining the target price at Rs 1,300.
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