Titan Co. defies market downturn with a strong overall performance, despite taking a hit on the day.

Titan Company, an Indian conglomerate, outperformed the market despite a decline in its shares on the day. The company’s shares fell by 1.3% as the Indian market experienced a decline. However, the company’s performance was attributed to its strong financial results, which were released earlier in the day. The company reported a net loss of Rs 24.5 crore (approximately $3.3 million) for the quarter ended December 31, 2022, due to high raw material costs and adverse foreign exchange fluctuations.