Timex Group India’s share price fell sharply on Dec 29, hitting the 10% lower circuit at Rs 316.60.
Why the stock dropped
The company’s promoter, Timex Group Luxury Watches BV, said it will sell up to 45 lakh shares (about 4.5% of the company) through an offer for sale on Dec 29‑30. A “green‑shoe” option could double that to roughly 9% of the total shares.
Discounted price details
The floor price for the sale is set at Rs 275 per share, which is about 22% lower than the previous closing price of Rs 351.75. Selling at a discount often signals that the promoter wants quick cash, and it can worry existing investors.
Share‑holding picture
- Promoters and promoter groups own about 60% of Timex Group India.
- The public holds the remaining 40%.
Recent price performance
Despite the recent dip, the stock is up more than 56% so far in 2025. Over the past month it’s down a little over 3%, but it has gained 47% in six months, 63% in one year, and an impressive 1,088% over the last five years.
Key financial figures
- Price‑to‑earnings (P/E) ratio: around 57.
- Market capitalisation: roughly Rs 3,196 crore.
What this means for investors
The discounted stake sale could put further pressure on the share price in the short term. However, the company’s strong long‑term growth and solid fundamentals may still appeal to investors who can tolerate some volatility.
Remember, this is my view, not a prediction. Do your own research before making any investment decisions.