Bengaluru, Dec. 29 -- The shares of the company engaged in the manufacturing and trading of watches and the rendering of related after-sales service, were in focus after they announced the sale of stake up to 8.93 percent, via OFS.

With a market capitalization of Rs 3,256 crore, Timex Group India Ltd's shares on Monday made a day low of Rs 316.60, up by 10 percent from its previous day's closing price of Rs 351.75 per share. The shares have given a return of 1,112 percent over a period of five years.

Timex Group Luxury Watches B.V., the promoter of Timex Group India Limited, has decided to reduce its stake by selling up to 4.51 million shares, or 4.47 percent of the company, through an Offer for Sale (OFS) on the stock exchanges. The pr...