Titan Industries continues to remain in the red. The stock is currently down almost 2% at Rs.237.65 and its intra day low is at Rs.235.

The stock has been down ever since RBI on Wednesday, post market closing, stated that aggregate net purchases of equity shares in Titan Industries by foreign institutional investors (FIIs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) had reached the trigger limit. Further purchases of equity shares of the company would be allowed only after obtaining prior approval of the RBI. At end of 30th Sept 2013, FIIs held 22.43% stake and promoters held 53.05% stake.