Titan Industries Ltd to launch "Titan Eye+"

Titan Industries Ltd, which is mainly in the watch and jewellery business, shall launch its third new business, 'Optical Eye-wear' under the name and style of Titan Eye+ on 4th April 2007 at Bangalore. This business shall leverage the Titan brand to a new category i.e. Prescription eye-wear.

Titan Eye+ is the retail chain in the business of sales and service of prescription eye-wear offering allied optical services like eye check up, and product offerings of frames, lenses, contact lenses, etc. The product offering shall also include its own brands in the fashion eye-wear category besides licensed brands. This augurs well for the Company' as the Company is entering a largely untapped and unbranded market with a leading brand in the lifestyle and personal accessory space.

The business has immense potential for growth of the Company's topline and bottomline with the Company plans to open about 150 stores in the medium term".

In NSE, shares of the company closed at Rs.842.80, up by Rs.16.95 or 2.05% on volume of 164104 shares resulting in turnover of Rs.1384.68 Lakhs.

Source : Equity Bulls

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