Titan Tumbles Most in Four Months in Mumbai on Valuation Concern
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Titan Industries Ltd. fell the most in more than four months in Mumbai on concern a rally that’s made the stock the second-best performer on the Bombay Stock Exchange 200 Index this year has overvalued earnings prospects.
Titan, India’s biggest maker of watches, fell 6.3 percent to 4,292.5 rupees at the 3:30 p.m. close, the steepest decline since Feb. 8, and the worst performer on the index. More than