The company declared its results after market hours on Monday, 31 October 2011.

Meanwhile, the BSE Sensex was down 260.27 points, or 1.47% to 17,444.74.

On BSE, 48,000 shares were traded in the counter as against average daily volume of 47,439 shares in the past one quarter.

The stock hit high of Rs 28 and a low of Rs 26.60 so far during the day. The stock had hit an all time high of Rs 51.50 on 15 November 2010. The stock had hit a 52-week low of Rs 25.80 on 5 October 2011.

The stock had outperformed the market over the past one month till 31 October 2011, gaining 5.01% compared with the Sensex's 7.6% return. The scrip had, however, underperformed the market in past one quarter, slipping 38.21% as against 2.7% decline in the Sensex.

The company has an equity capital of Rs 10.10 crore . Face value per share is Re 1.

Timex Group India's net sales rose 7% to Rs 44.50 crore in Q2 September 2011 over Q2 September 2010.

Timex Group India is part of the Timex Group, which is one of the largest watch makers in the world. Timex Group Luxury Watches B V holds 74.93% stake in Timex Group India (as per the shareholding pattern as on 30 June 2011).