Tue Jul 08 10:30:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:
**Titan Shares Plunge, Jhunjhunwala Family Portfolio Takes Hit After Disappointing Q1 Update**
**Mumbai:** Shares of Titan Company experienced a sharp decline of 5.5% today after the company’s Q1 business update fell short of market expectations. The dip erased approximately ₹900 crore from the portfolio of the Jhunjhunwala family, who hold a 5.15% stake in the Tata Group company.
The primary driver behind the stock’s slide was weaker-than-anticipated growth in domestic jewellery revenue. Analysts attribute this slowdown to volatility in gold prices. Concerns about increasing competition and potential margin pressure are also weighing on investor sentiment, leading some brokerages to downgrade the stock.
Titan is reportedly implementing various schemes and strategies to sustain its business momentum amid the challenging environment. However, the market reaction indicates growing caution surrounding the company’s near-term prospects. Investors are advised to monitor further developments and analyst commentary closely.
First Piper 