Titan | Business Upturn

Brokerage radar, Feb 18: Infosys, Titan, Hindalco, ITC among top stocks to watch today

Aman Shukla — Wed, 18 Feb 2026 03:56:43 +0000

Brokerage firms have issued fresh research calls and target price revisions across several large-cap and sectoral stocks on February 18, 2026. The recommendations span technology, metals, consumer goods, retail, and REITs. Here’s a detailed look at the key stocks likely to remain in focus during today’s trading session (IST).

LG Electronics India

Goldman Sachs has initiated coverage on LG Electronics India with a Buy rating and set a target price of Rs 1,750 per share. The initiation brings the consumer electronics major into focus amid expectations around domestic demand trends and product portfolio expansion.

Titan Company

Morgan Stanley has maintained its Overweight stance on Titan Company and raised the target price to Rs 4,529 per share. The brokerage’s revised estimate follows continued momentum in the jewellery and watches segments.

Hindalco Industries

HSBC has maintained a Buy rating on Hindalco Industries with a target price of Rs 1,210 per share. The call reflects the brokerage’s outlook on the aluminium and downstream business environment.

Infosys

Infosys remains in focus after multiple global brokerages reiterated their views:

Morgan Stanley has maintained an Equal Weight rating with a target price of Rs 1,760 per share.
Bank of America has maintained a Buy rating with a target price of Rs 1,840 per share.
UBS has maintained a Buy rating with a target price of Rs 1,870 per share.
Nuvama has maintained a Buy rating with a target price of Rs 1,900 per share.
Jefferies has maintained a Buy rating with a target price of Rs 1,880 per share.

Additionally, Jefferies, in its India strategy note, highlighted that Q3 earnings indicated a rebound in EPS growth, which could keep IT stocks active in trade.

Tata Steel, NMDC and Coal India

JP Morgan has shared its view on the steel sector, stating that the near-to-medium term steel price outlook remains supportive. The brokerage has identified Tata Steel as its top pick within the space, while NMDC and Coal India are among the least preferred names in the broader metals and mining universe.

Dabur India

Morgan Stanley has maintained an Underweight rating on Dabur India and set a target price of Rs 400 per share. The stock may react to brokerage commentary around growth expectations in the FMCG segment.

ITC Limited

UBS has maintained a Buy rating on ITC Limited and revised the target price to Rs 395 per share.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Top stocks for trade today, Feb 11: Reliance Industries, Tata Motors, Eicher Motors, Titan, Britannia Industries and more

Aman Shukla — Wed, 11 Feb 2026 02:55:15 +0000

Indian equities are likely to remain stock-specific on February 11 as investors track a heavy flow of Q3 earnings, corporate actions, regulatory developments and index rebalancing announcements. Key names from FMCG, auto, power, pharma, financials and infrastructure are expected to stay in focus.

Stocks to Watch Today – February 11

Stocks to Watch Today – February 11 (Key Points, IST)

Reliance Industries: Consumer arm acquires Southern Health Foods (Manna brand) for ₹156.4 crore.
Tata Motors (CV): Indonesia arm secures order for 70,000 Yodha and Ultra T.7 vehicles.
Eicher Motors: Q3 EBITDA growth outpaces revenue and volume growth after several quarters.
Titan Company: Q3 in line with estimates; jewellery EBIT margin at 10.6% vs 9.5% YoY.
Apollo Hospitals: Q3 revenue above estimates; EBITDA up 27% YoY.
Britannia Industries: Revenue in line; EBITDA improves on 450 bps gross margin expansion.
InterGlobe Aviation: States full compliance with flight duty time limitation norms.
United Breweries: EBITDA up 59.6% YoY; margin at 11% vs 7%.
Oil India: Net profit down 22.6% YoY; crude realisation down 15% YoY.
Jubilant FoodWorks: Strong EBITDA; margin at 20.5% vs 19.4%.
Ather Energy: NIIF likely to exit entire 1.9% stake via block deal (₹705.73–₹727.55/share).
Torrent Power: EBITDA up 26.2% YoY; margin at 20.7% vs 17.1%.
ACME Solar: LoA for 301 MW solar project at ₹6.28/unit tariff.
Aditya Birla Capital & L&T Finance: Included in MSCI Global Standard Index effective February 27.
Grasim Industries: Q3 above estimates; EBITDA up 77% YoY.
ION Exchange: Bags ₹1,730 crore, 20-year sewage treatment project in Oman.
ZF Commercial Vehicle Control Systems: EBITDA up 12.7% YoY; revenue up 12%.
Kirloskar Ferrous Industries: EBITDA up 7.5% YoY; margin at 11.5% vs 10.8%.
Gujarat Pipavav Port: EBITDA up 15.4% YoY; margin at 54.8% vs 52.8%.
IIFL Capital: AUM up 6% YoY; MTF book up 43% YoY.
India Glycols: EBITDA up 42.7% YoY; margin at 6.9% vs 5%.
Directorate General of Trade Remedies: Extends anti-dumping duty on TDI imports from EU & Saudi for 5 years.
Landmark Cars: Revenue up 12.6% YoY; EBITDA up 10.4%.
GNFC: EBITDA up 29.5% YoY; margin at 8.6% vs 6.9%.
Chambal Fertilisers: EBITDA up 5.5% YoY; revenue up 20%.
TVS Supply Chain: EBITDA up 36.7% YoY; margin at 7.6% vs 6.2%.
Speciality Restaurants: EBITDA up 18% YoY; margin at 21.4% vs 19.4%.
HEG: EBITDA up 78.4% YoY; margin at 21.6% vs 16.6%.
Allcargo Terminals: EBITDA up 29.3% YoY; margin at 19.5% vs 17.6%.
STL Networks: Bags ₹206 crore order from National Informatics Centre.
Aurobindo Pharma: US FDA issues Form 483 with 9 observations for Unit-VII, Telangana.
BHEL: Government to sell up to 5% stake via OFS; floor price at 8% discount to CMP.
IRCTC: Excluded from MSCI Global Standard Index effective February 27.
Afcons Infrastructure: Net profit down 34.8% YoY; revenue down 7.3%.
EIH Limited: Net profit down 8.1% YoY; margin at 43.1% vs 44.6%.
Karnataka Bank: NII flat; net profit up 2.5% YoY.
Som Distilleries: EBITDA down 45.4% YoY; margin at 7.9% vs 12%.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Top Q3 results today, Feb 10: Titan, Eicher Motors, Grasim Industries, Apollo Hospitals, Britannia Industries and more to announce earnings

Aman Shukla — Tue, 10 Feb 2026 02:17:24 +0000

Several major Indian companies across automobiles, FMCG, healthcare, power, infrastructure and financial services are scheduled to announce their Q3 FY26 results today, February 10 (IST). Investors and market participants are expected to closely track these earnings for insights into sectoral trends and company-specific performance.

Among large-cap names, Titan Company is set to report its quarterly numbers, with attention on jewellery and watches demand trends. Eicher Motors will also release results, with focus on Royal Enfield volumes and margins. Another key result awaited is from Grasim Industries, where updates on cement and chemicals businesses are expected.

In the healthcare space, Apollo Hospitals Enterprise will announce its Q3 performance, while FMCG major Britannia Industries is scheduled to declare earnings amid ongoing cost and demand dynamics.

Energy and power sector results will include Oil India and Torrent Power, with market participants watching crude price impact, production data, and power distribution performance.

Infrastructure and construction companies reporting today include Afcons Infrastructure and Dilip Buildcon, where order book updates and execution progress remain key areas of interest.

From the financial services segment, Edelweiss Financial Services and Karnataka Bank will release their quarterly numbers, with emphasis on asset quality, margins, and loan growth.

Other notable companies announcing Q3 results today include Balrampur Chini Mills, Escorts Kubota, Jubilant FoodWorks, Samvardhana Motherson International, TVS Supply Chain Solutions, United Breweries, Wakefit Innovations, and Wockhardt.

Why are Titan shares up over 3% today? Explained

Aman Shukla — Sun, 01 Feb 2026 08:09:42 +0000

Titan Company shares rose over 3% in intraday trading on February 1, 2026, reaching a high of ₹4,132.40 after the Union Budget 2026 maintained the existing customs duty on gold imports without any hike. The absence of any increase in gold import duty helped ease cost-related worries for jewellery makers, supporting sentiment around the stock.

Titan shares moved sharply within the day’s trading range, touching a low of ₹3,870.40 and a high of ₹4,132.40. The stock opened at ₹3,988.00, compared with the previous close of ₹3,977.40, and saw buying interest strengthen as clarity emerged on gold-related policy measures.

Titan Company, a major player in the jewellery segment through brands like Tanishq, benefits from stable or lower effective gold import costs, which support consumer demand and help maintain margins in a price-sensitive market.

Titan to launch its first lab grown diamond store in Mumbai

Aman Shukla — Fri, 26 Dec 2025 03:05:34 +0000

Titan has announced the launch of its first exclusive Lab Grown Diamond (LGD) jewellery store in Mumbai under a new brand identity, “beYon – from the House of Titan.” The flagship store is scheduled to open on 29 December 2025, marking Titan’s formal entry into the emerging lab-grown diamond jewellery segment.

The beYon brand has been created to address the evolving adornment needs of women across lifestyle categories beyond Titan’s existing offerings such as watches, perfumes, sarees, and handbags. With a focus on contemporary preferences, beYon will feature a curated selection of lab-grown diamond jewellery, positioning the brand within a category that is steadily gaining visibility and consumer interest.

The Mumbai store will serve as the starting point for beYon’s retail journey. According to the company, this initial launch is part of a broader plan to build presence in key metropolitan markets. Titan intends to add a couple of more beYon stores in Mumbai as well as in Delhi in the near future, indicating a phased expansion strategy for the new brand.

Nifty 50 top gainers today, December 16: Bharti Airtel, Titan, Tata Consumer Products, Mahindra & Mahindra, Bajaj Auto and more

Aman Shukla — Tue, 16 Dec 2025 10:16:25 +0000

Indian equity benchmarks closed lower on December 16, with the Nifty slipping below the 25,900 mark amid broad-based selling pressure. The Sensex ended the session down 533.50 points, or 0.63%, at 84,679.86, while the Nifty fell 167.20 points, or 0.64%, to settle at 25,860.10.

Despite the weak overall market sentiment, a small set of stocks managed to finish in the green on the Nifty 50 index, supported by stock-specific buying interest. Here are the top gainers from the Nifty 50 index (as per Trendline).

Nifty 50 Top Gainers

Bharti Airtel closed at ₹2,104.90, up 1.7%
Titan ended at ₹3,930.00, gaining 1.7%
Tata Consumer Products settled at ₹1,172.00, higher by 1.3%
Mahindra & Mahindra closed at ₹3,628.90, up 0.6%
Bajaj Auto finished at ₹8,989.00, gaining 0.6%
SBI Life Insurance ended at ₹2,040.00, up 0.3%
Asian Paints closed at ₹2,785.00, higher by 0.2%
Kotak Mahindra Bank settled at ₹2,184.00, up 0.1%
ICICI Bank closed at ₹1,366.60, gaining 0.1%
Trent ended at ₹4,111.00, up 0.1%

Nifty 50 top losers today, October 10: Tata Steel, TCS, HDFC Life, JSW Steel, Titan and more

Aman Shukla — Fri, 10 Oct 2025 10:14:21 +0000

Indian equity markets closed on a positive note on October 10, with the Sensex rising 328.72 points to 82,500.82 and the Nifty climbing 103.55 points to 25,285.35. Despite the overall gains, several heavyweight stocks on the Nifty 50 index slipped. Here’s a look at Nifty top losers (According to Trendline).

Nifty 50 top losers

Tata Steel was down 1.5% at 173.9.
Tata Consultancy Services fell 1.1% to 3,028.3.
HDFC Life Insurance slipped 0.7% to 748.8.
JSW Steel declined 0.6% at 1,167.8.
Titan Company decreased 0.6% to 3,529.0.
Shriram Finance fell 0.6% to 665.1.
Tech Mahindra dropped 0.6% to 1,458.0.
Tata Motors was down 0.3% at 679.0.
Bajaj Finserv declined 0.3% to 2,008.5.
Bharti Airtel edged lower by 0.1% to 1,940.0.

Titan shares rally over 4% after Q2 consumer businesses rise 20% YoY

Aman Shukla — Wed, 08 Oct 2025 03:52:47 +0000

Titan Company’s shares surged more than 4% in early trade today after the firm reported solid growth across its consumer businesses for the second quarter of FY26. As of 9:21 AM, the shares were trading 3.69% higher at Rs 3,544.30.

The company’s overall business grew about 20% year-on-year, supported by robust performance in its jewellery and international segments. Titan also expanded its retail presence with 55 new stores, taking the total count to 3,377 outlets across India and overseas.

Jewellery Business Drives Growth
The domestic business registered 18% growth YoY, with the jewellery segment leading at 19%. Higher gold prices boosted average ticket sizes, which helped offset a slight dip in customer volumes. Early festive buying and strategic campaigns such as exchange offers and promotional events added further momentum.

Brands like Tanishq, Mia, and Zoya recorded mid-teens growth, while CaratLane grew 30% YoY, driven by strong online and store performance. Titan also launched its first dedicated wedding destination store, Rivaah, in Delhi. During the quarter, the company opened 34 new jewellery stores — including 6 Tanishq, 18 Mia, and 10 CaratLane outlets.

Watches and Eyewear Maintain Steady Pace
The watches division reported 12% YoY growth, supported by a 17% rise in the analog segment. Titan-branded watches performed well during the festive season, while smart wearables faced a 23% YoY decline. The company added 15 new stores under Titan World, Helios, and Fastrack.

EyeCare business grew 9% YoY, driven by strong demand for international brands and sunglasses, alongside higher online sales. Five new Runway stores were added in the quarter.

Emerging and International Businesses Continue to Expand
Emerging categories delivered a robust 37% YoY growth, led by fragrances (up 48%), women’s bags (up 90%), and Taneira (up 13%). Meanwhile, the international segment surged 86% YoY, powered by Tanishq’s business doubling in the US and recording strong double-digit growth across the GCC region. Titan also opened a new store in Virginia, USA, further expanding its overseas footprint.

Top stocks to watch today, October 8: Titan, CONCOR, Ixigo, Tata Motors, Anant Raj, Macrotech Developers and more

Aman Shukla — Wed, 08 Oct 2025 03:09:26 +0000

Indian markets are expected to see stock-specific action today, October 8, as several companies announced key business updates and developments. Here’s a detailed look at the top stocks likely to remain in focus:

Top Stocks to Watch Today

Banking Heavyweights:
The Reserve Bank of India (RBI) has released draft norms on the Expected Credit Loss (ECL) framework and risk-weighted assets, which could impact major banking and financial institutions. The move is aimed at aligning the Indian banking system more closely with international standards.

Titan Company:
Titan reported a 19% year-on-year increase in its domestic jewellery business for Q2FY26. The domestic watches segment rose 12% YoY.

Container Corporation of India (CONCOR):
CONCOR signed a multimodal transport agreement with UltraTech Cement to facilitate integrated logistics services.

IRB Infrastructure Developers:
Toll collections for September increased 11% YoY to ₹556.7 crore compared to ₹501.8 crore in the same period last year.

Macrotech Developers:
Macrotech’s pre-sales rose 7% YoY in Q2FY26, while collections were up 13%.

Keystone Realtors:
The company reported 9% year-on-year growth in sales volume, pre-sales, and collections during Q2FY26.

Anant Raj Limited:
The company plans to raise up to ₹1,100 crore through a Qualified Institutional Placement (QIP) at an indicative price of ₹662 per share.

Ixigo:
A potential investor may acquire up to a 15% stake in the company. The board is scheduled to discuss a fundraise on October 10.

Shaily Engineering Plastics:
Lighthouse India sold 3% equity through a block deal. Motilal Oswal Financial Services and Stallion Assets were among the buyers.

Salzer Electronics:
The company received a patent for a disconnecting and earthing device used in high-voltage applications.

Saatvik Solar:
Saatvik Solar received orders worth ₹219 crore for the supply of solar PV modules.

Tata Motors:
The company reported that Q2 volumes were lower than estimates due to a cyberattack. Retail sales were down 17% year-on-year.

Godrej Consumer Products:
The company indicated low single-digit volume growth in Q2, while standalone business value growth is expected to be mid-single-digit.

Titan Q2 Business Updates: Consumer businesses rises 20% YoY, adds 55 new stores

Aman Shukla — Tue, 07 Oct 2025 11:23:13 +0000

Titan Company’s consumer businesses delivered a strong performance in Q2FY26, reporting an overall growth of around 20% YoY. During the quarter, Titan added 55 net new stores, taking its combined retail footprint to 3,377 outlets across India and international markets.

Domestic Business Steady, Jewellery Leads the Way
Titan’s domestic segment grew 18% YoY, with jewellery leading the charge at 19% growth. The surge in gold prices boosted ticket sizes, offsetting a slight drop in buyer counts. Festive season momentum, which started early in September this year, helped balance the high base effect from Q2FY25. Strategic consumer promotions, including exchange offers and marketing campaigns, further drove demand.

Within jewellery, Tanishq, Mia, and Zoya brands posted mid-teens growth, outperforming plain gold jewellery. CaratLane grew 30% YoY, supported by double-digit like-for-like growth. Titan also opened its first wedding destination store, Rivaah, in Delhi during the quarter. Out of 34 new jewellery stores, 6 were Tanishq, 18 Mia, and 10 CaratLane.

Watches and Eyewear Show Healthy Momentum
The domestic watches business grew 12% YoY, led by a 17% increase in the analog segment. Titan-branded watches saw strong festive-season sales, while smart wearables continued to face pressure, declining 23% YoY. The division added 15 net new stores, including Titan World, Helios, and Fastrack outlets.

EyeCare grew 9% YoY, fueled by international brands, sunglasses, and e-commerce growth. Five new Runway stores were added during the quarter.

Emerging Businesses Gain Traction
Emerging businesses saw strong growth of 37% YoY. Fragrances grew 48% YoY, women’s bags surged 90%, and Taneira rose 13% YoY. Irth added two stores in Delhi and Kolkata, while Taneira closed two stores during the quarter.

International Business Surges
Titan’s international segment posted a stellar 86% YoY growth, led by Tanishq doubling its business in the USA and recording strong double-digit growth in the GCC market. A new store was opened in Virginia, USA.

Nifty 50 top gainers and losers today, August 28: Titan, Coal India, Hero MotoCorp among top performers

Aman Shukla — Thu, 28 Aug 2025 10:08:57 +0000

Indian equity indices closed in the red for a second straight session on August 28, with both Sensex and Nifty slipping under pressure. At the close, the Sensex declined 705.97 points, or 0.87 percent, to 80,080.57, while the Nifty dropped 211.15 points, or 0.85 percent, to 24,500.90. Here’s a look at Nifty top gainers and losers that drove the day’s action (as per Trendline) for the day:

Top Gainers
Despite the overall weakness, select heavyweights and sectoral leaders managed to end in positive territory. Titan Company rose 1.1 percent to ₹3,632, while Coal India added 0.7 percent to ₹375. Hero MotoCorp gained 0.7 percent to ₹5,106.6 and Larsen & Toubro closed 0.6 percent higher at ₹3,564.1. Maruti Suzuki advanced 0.6 percent to ₹14,798, followed by Axis Bank up 0.5 percent at ₹1,055.6. Adani Enterprises closed 0.4 percent higher at ₹2,282.1, while Reliance Industries and Asian Paints both gained 0.4 percent, ending at ₹1,390.9 and ₹2,490 respectively. Bajaj Finance inched up 0.2 percent to ₹878.1.

Top Losers
On the losing side, Shriram Finance was the worst performer, slipping 3.9 percent to ₹571.3. HCL Technologies declined 2.9 percent to ₹1,450.2, while Power Grid fell 2.0 percent to ₹274.2. Tata Consultancy Services ended 1.9 percent lower at ₹3,098 and Tata Consumer Products dropped 1.8 percent to ₹1,060.2. Infosys shed 1.7 percent to ₹1,503, Hindustan Unilever lost 1.4 percent to ₹2,653.8, and Jio Financial Services slipped 1.4 percent to ₹311.3. Among banking majors, ICICI Bank was down 1.3 percent at ₹1,397.6 and HDFC Bank fell 1.2 percent to ₹961.8.

Top Q1 results today, August 7: LIC, Titan, BSE, Godrej Consumer Products, NBCC and more to announce earnings

Aman Shukla — Thu, 07 Aug 2025 02:28:26 +0000

Several major Indian companies are scheduled to release their financial results for the first quarter of FY26 on Thursday, August 7, 2025. The earnings reports will provide insight into their performance during the April–June 2025 period.

Among the most closely watched results will be from Life Insurance Corporation of India (LIC), Titan Company Ltd, BSE Ltd, and Godrej Consumer Products Ltd, all of which are set to report their Q1 FY26 numbers on the same day.

List of Companies Announcing Q1 FY26 Results on August 7:

Life Insurance Corporation of India Ltd (LIC)
Titan Company Ltd
Solar Industries India Ltd
Godrej Consumer Products Ltd
Cummins India Ltd
BSE Ltd
Hindustan Petroleum Corporation Ltd (HPCL)
General Insurance Corporation of India Ltd (GIC Re)
Kalyan Jewellers India Ltd
Linde India Ltd
Page Industries Ltd
Max Financial Services Ltd
Biocon Ltd
Global Health Ltd
3M India Ltd
National Aluminium Company Ltd (NALCO)
NLC India Ltd
Metro Brands Ltd
NBCC (India) Ltd
Apollo Tyres Ltd
The Ramco Cements Ltd
Aegis Vopak Terminals Ltd
Emcure Pharmaceuticals Ltd
Aegis Logistics Ltd
Schneider Electric Infrastructure Ltd
Sun TV Network Ltd
Crompton Greaves Consumer Electricals Ltd
Kalpataru Projects International Ltd
Carborundum Universal Ltd
Century Plyboards Ltd
Sai Life Sciences Ltd
SignatureGlobal India Ltd
Caplin Point Laboratories Ltd
Data Patterns (India) Ltd
KSB Ltd
Birlasoft Ltd
Metropolis Healthcare Ltd
India Shelter Finance Corporation Ltd
MMTC Ltd
C.E. Info Systems (MapmyIndia) Ltd
Edelweiss Financial Services Ltd
KRBL Ltd
Gujarat State Fertilizers & Chemicals Ltd (GSFC)
Varroc Engineering Ltd
Lumax Auto Technologies Ltd
FDC Ltd
Prism Johnson Ltd
Balu Forge Industries Ltd
Bajaj Electricals Ltd
Shree Renuka Sugars Ltd
Pearl Global Industries Ltd
GMM Pfaudler Ltd
Axiscades Technologies Ltd
Indigo Paints Ltd
Quality Power Electrical Equipments Ltd
Greenlam Industries Ltd
Subros Ltd
India Glycols Ltd
PTC India Ltd
Innova Captab Ltd
Rategain Travel Technologies Ltd
Hindustan Construction Company Ltd (HCC)
Dynamatic Technologies Ltd
Sanathan Textiles Ltd
Medi Assist Healthcare Services Ltd
Hikal Ltd
Interarch Building Solutions Ltd
Pitti Engineering Ltd
Kewal Kiran Clothing Ltd
Jash Engineering Ltd
Navneet Education Ltd
Ram Ratna Wires Ltd
DCX Systems Ltd
IOL Chemicals and Pharmaceuticals Ltd
Sandhar Technologies Ltd
Savita Oil Technologies Ltd
NRB Bearings Ltd
Kilburn Engineering Ltd
India Pesticides Ltd
Repco Home Finance Ltd
Igarashi Motors Ltd
GTL Infrastructure Ltd
Divgi Torqtransfer Systems Ltd
D-Link India Ltd
Talbros Automotive Components Ltd
JNK India Ltd
Apollo Pipes Ltd
Shanti Educational Initiatives Ltd
Quick Heal Technologies Ltd
Godavari Biorefineries Ltd
Alicon Castalloy Ltd
Atul Auto Ltd
Panorama Studios International Ltd
ICE Make Refrigeration Ltd
Arisinfra Solutions Ltd
Balaji Telefilms Ltd
Oswal Agro Mills Ltd
Sterling Tools Ltd
Best Agrolife Ltd
Oswal Chemicals and Fertilisers Ltd
Abans Financial Services Ltd
Gulshan Polyols Ltd
Lincoln Pharmaceuticals Ltd
Aryaman Financial Services Ltd
Elin Electronics Ltd
Transindia Real Estate Ltd
SAR Auto Products Ltd
NBI Industrial Finance Company Ltd
VLS Finance Ltd
Dwarikesh Sugar Industries Ltd
Visaka Industries Ltd
A.K. Capital Services Ltd
DMCC Speciality Chemicals Ltd
Uni Abex Alloy Products Ltd
Dreamfolks Services Ltd
Sutlej Textiles and Industries Ltd
Mindteck (India) Ltd
Tracxn Technologies Ltd
Pyramid Technoplast Ltd
Euro India Fresh Foods Ltd
Bella Casa Fashion & Retail Ltd
PTL Enterprises Ltd
Birla Cable Ltd
WS Industries Ltd

Nifty 50 top gainers today, August 5: Titan, IndusInd Bank, SBI Life, Maruti Suzuki, Coal India and more

Aman Shukla — Tue, 05 Aug 2025 10:09:59 +0000

Indian stock markets closed lower on August 5, with benchmark indices slipping into the red by the end of the session. The Nifty 50 fell below the 24,700 mark, ending the day at 24,649.55, down 73.20 points or 0.30%, while the Sensex declined 308.47 points or 0.38% to close at 80,710.25.

Despite the weak overall sentiment, several heavyweight stocks posted strong gains, helping to limit the downside. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day.

Nifty 50 Top Gainers on August 5

Titan closed at ₹3,424, up 2.0%
IndusInd Bank ended at ₹819.2, rising 1.9%
SBI Life settled at ₹1,860, gaining 1.6%
Maruti Suzuki closed at ₹12,543, up 1.4%
Coal India ended at ₹379.8, rising 1.4%
Trent settled at ₹5,317.5, up 1.3%
Eicher Motors closed at ₹5,684, gaining 1.1%
Bharti Airtel ended at ₹1,930.3, up 0.8%
Bajaj Finance settled at ₹891.9, rising 0.8%
Tech Mahindra closed at ₹1,485.4, gaining 0.7%

Nifty top gainers today, July 22: Eternal, HDFC Life, Hindalco Industries, Titan, Bharat Electronics and more

Aman Shukla — Tue, 22 Jul 2025 10:06:10 +0000

Indian equity markets ended a choppy trading session on July 22 with marginal losses. The Nifty 50 slipped 29.80 points or 0.12% to close at 25,060.90, while the Sensex declined 13.53 points or 0.02% to settle at 82,186.81.

Despite the subdued mood, several heavyweight stocks in the Nifty 50 pack registered healthy gains. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day.

Nifty 50 Top Gainers on July 22

Eternal closed at ₹299.7, up 10.3%
HDFC Life Insurance ended at ₹763.5, up 1.5%
Hindalco Industries settled at ₹690.5, up 1.1%
Titan Company closed at ₹3,469.4, up 1.1%
Bharat Electronics finished at ₹403.6, up 0.9%
Bajaj Finance ended at ₹955.6, up 0.8%
Maruti Suzuki closed at ₹12,491.0, up 0.7%
Hindustan Unilever ended at ₹2,480.8, up 0.7%
Coal India closed at ₹389.2, up 0.6%
Oil and Natural Gas closed at ₹246.5, up 0.6%

Titan shares jump 3% as Macquarie maintains ‘Outperform’ rating with target price of Rs 4,150

Aman Shukla — Wed, 25 Jun 2025 06:28:48 +0000

Titan shares jumped 3% after Macquarie reiterated its ‘Outperform’ rating on the stock with a target price of ₹4,150. As of 11:55 AM, the shares were trading 3.26% higher at Rs 3,640.90.

The brokerage expects strong jewellery demand to drive growth in the June quarter, and believes EBIT margins in the segment likely bottomed out in FY25. Macquarie is projecting over 20% year-on-year growth in both jewellery sales and EBIT for the quarter.

Titan shares opened at ₹3,550 and, at the time of writing, touched a high of ₹3,643.10 during the day, while the low remained at ₹3,550. The stock continues to trade in an upward range, staying close to its 52-week high of ₹3,867.00. The 52-week low stands at ₹2,925.00.

Stocks to watch today: Titan, Bharat Electronics, Cyient, Sobha, Refex Renewables, M&M among key stocks in focus today

News Desk — Tue, 08 Apr 2025 02:21:54 +0000

April 8, 2025: Indian equities are expected to see stock-specific action today, with several companies making headlines due to new orders, business developments, fund flows, appointments, and operational updates.

Bharat Electronics is in focus after the company bagged a significant order worth ₹2,210 crore from the Ministry of Defence. The order pertains to the supply of an advanced Electronic Warfare suite for the Indian Air Force, and is seen as a major boost to the company’s defence segment.

Refex Renewables has also caught investor attention as its unit, Refex Green Power, won a tender for setting up a 250 TPD Bio-CNG plant. The estimated project cost for the plant is pegged at ₹78.54 crore.

Cyient witnessed strong institutional interest after HDFC Mutual Fund acquired 6.2 lakh shares of the company at ₹1,099 per share via bulk deals on Monday.

Realty stocks are also in action today. Brigade Enterprises announced it has signed an agreement for a premium residential project in Mysuru, with a gross development value of ₹225 crore. Meanwhile, Sobha Limited reported robust performance in Q4FY25 with sales value rising to ₹1,836 crore, up 32.2% quarter-on-quarter.

Titagarh Rail Systems announced that its Board has re-appointed Umesh Chowdhary as Vice Chairman, Managing Director, and CEO of the company for a five-year term.

In the hospitality space, Lemon Tree Hotels said it has signed a license agreement for a new hotel under the Keys Prima brand in Darjeeling, West Bengal.

Jewellery and retail major Titan Company reported strong Q4FY25 performance with 25% year-on-year growth in the March quarter, and 21% for the full fiscal year.

Bajaj Healthcare said it is expanding its manufacturing capabilities with the acquisition of Genrx Pharmaceuticals.

Thangamayil Jewellery announced it will open two new branches in Chennai, at Virugambakkam and Iyyappanthangal, on April 11, 2025.

Healthcare firm Global Health has received an offer from Assam Electricity Grid Corporation, a government entity, to acquire three acres of land in Guwahati for setting up a super specialty hospital.

Automobile major Mahindra & Mahindra (M&M) reported a rise in production for March 2025 at 88,701 units, up from 71,814 units a year earlier. The company also said it has incorporated a wholly owned subsidiary, Mahindra Advanced Technologies Limited, with a capital infusion of ₹5 crore.

Among banks, HDFC Bank reduced its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenures, a move that could affect lending rates.

Other notable corporate announcements include:

NMDC issued a clarification denying reports of governance concerns around its Australian subsidiary, calling the allegations “absolutely false and baseless.”
Pitti Engineering announced the resignation of its COO – Machined Components Business, Varun Agarwal, effective April 7.
Rajshree Sugars shared its March operational update, stating its Unit I crushed 79,914 MT of cane in the month and 2.76 lakh MTs up to March.
Nesco Ltd named Balakrishnan Balram as Vice President (Events & Exhibitions), effective April 7.
Newjaisa Technologies appointed Gurprit Kaur as Company Secretary and Compliance Officer.
Arvind SmartSpaces named Rahul Jhawar as Head – Human Resources.
Hemadri Cements announced the resignation of Company Secretary and Compliance Officer Krish Narayanan.
Pioneer Embroideries said it has sold land and building of its Naroli embroidery unit for ₹7.02 crore.
P N Gadgil Jewellers was recognised with the ‘Preferred Retailers of India 2025’ award at GJC Nite.
LIC elevated Sanjay Kumar Srivastava as Executive Director – Investment (Back Office).
Bajel Projects announced the appointment of Nitesh Bhandari as CFO and Joint President, effective May 1.
Hazoor Multi Projects said CFO Francisca Rosario has resigned.
Rushabh Precision revised the record date for capital reduction to April 17 under the approved Resolution Plan.
Maruti Suzuki is expected to be in focus as it undertakes a price hike of up to ₹62,500 across models starting today.
Oil marketing PSUs may react to the Oil Minister’s statement that the recent hike in excise duty will not be passed on to consumers.
KPI Green announced the termination of a 66.2 MW hybrid power project order from Sai Bandhan Infinium under the captive power producer category.

On the negative side, IL&FS Engineering reported defaults totaling ₹2,628.15 crore on loans as of March 31, while Genesys International saw selling pressure after Florida Retirement System offloaded 2.25 lakh shares at ₹547.13 apiece.

Disclaimer: The above views are of the broker’s and not the author or the publication’s. Please make any and every investment decision after consulting your financial advisor.

Titan shares drop 2% as Macquarie cuts target to Rs 4,000

Aman Shukla — Tue, 04 Mar 2025 04:20:27 +0000

Titan shares dropped over 2% after Macquarie slashed its target price to ₹4,000 while maintaining an ‘Outperform’ rating. The brokerage cited concerns over rising lease costs, potential gold price inflation, and policy uncertainties linked to Donald Trump’s tariff decisions. As of 9:47 AM, the shares were trading 1.36% lower at Rs 3,040.05.

Macquarie highlighted that lab-grown diamonds (LGDs) are a long-term industry trend, but adoption remains gradual. Titan’s cautious approach—waiting for stronger consumer acceptance—has been viewed positively.

Despite near-term challenges, Titan retains a competitive edge over smaller jewellery players, who may struggle with increasing gold lease costs. The company’s strong brand presence, operational efficiency, and diversified product portfolio position it for sustained long-term growth.

Titan’s stock opened at ₹3,050.00, reaching a high of ₹3,061.95 and a low of ₹3,017.00. The current low matches its 52-week lowest of ₹3,017.00, while the 52-week high stands at ₹3,867.00.

Titan Q3 FY25 results: Revenue up 25.5% YoY to Rs 17,723 crore, net profit declines 0.6% YoY

Matrika Shukla — Tue, 04 Feb 2025 11:58:18 +0000

Titan Company Limited has announced a 25.5% year-on-year (YoY) increase in consolidated revenue for Q3 FY25, reaching ₹17,723 crore compared to ₹14,122 crore in Q3 FY24. The strong revenue growth was driven by a robust performance in its jewellery segment, particularly during the festive and wedding season. However, profit after tax (PAT) declined 0.6% YoY to ₹1,047 crore, largely due to changes in customs duty on gold affecting inventory valuation.

Key Financial Highlights (Q3 FY25 vs. Q3 FY24)

Total Consolidated Income: ₹17,723 crore (↑25.5% YoY)
Profit Before Tax (PBT): ₹1,396 crore (↑1.3% YoY)
Profit After Tax (PAT): ₹1,047 crore (↓0.6% YoY)
EBIT Margin: 9.2% (↓177 bps YoY)
PBT Margin: 7.9% (↓188 bps YoY)
PAT Margin: 5.9% (↓155 bps YoY)

Business Segment Performance

Jewellery

Revenue: ₹14,697 crore (↑26% YoY)
Festive demand and wedding-related purchases drove 28% secondary sales growth.
Gold jewellery and coins recorded 27% YoY growth.
EBIT: ₹1,398 crore, with a 9.5% margin; adjusting for gold duty impact, EBIT would have been ₹1,651 crore at an 11.2% margin.
Expansion: 11 new Tanishq stores, 13 new Mia stores in India; 2 new international stores (Dubai & Seattle).

Watches & Wearables

Revenue: ₹1,128 crore (↑15% YoY).
Strong demand for Titan analog watches (↑18% YoY) and international brands (↑30% YoY).
Wearables segment declined 20% YoY due to lower volumes and selling prices.
EBIT: ₹111 crore, with a 9.8% margin.
Expansion: 23 new stores (Titan World, Helios, and Fastrack).

Eyewear

Revenue: ₹194 crore (↑16% YoY).
International brand sales surged 56% YoY.
EBIT: ₹21 crore (10.8% margin).
Sunglasses segment outpaced others with 35% YoY growth.

Emerging Businesses (Taneira, Fragrances & Fashion Accessories)

Revenue: ₹118 crore (↑5% YoY).
Fragrances grew 27% YoY, driven by 23% growth in SKINN.
Fashion accessories (women’s bags) recorded 25% YoY growth, excluding belts & wallets.
EBIT: ₹(32) crore loss due to investments in business expansion.

Subsidiary Performance

CaratLane:
- Revenue: ₹1,117 crore (↑27% YoY).
- EBIT: ₹131 crore (11.7% margin).
- Added 19 new stores in India; launched first U.S. store in New Jersey.
Titan Engineering & Automation (TEAL):
- Revenue: ₹193 crore (↓4% YoY).
- EBIT: ₹33 crore (17% margin).

Titan’s Managing Director, C.K. Venkataraman, stated:
“The festive quarter reaffirmed Titan’s growth trajectory for FY25. Jewellery saw its strongest quarter this year, growing over 25% at a retail level. While the gold duty change impacted profitability, we remain focused on long-term expansion and innovation across all our business segments.”

Future Plans & Expansion

Continued focus on jewellery and watches as key growth drivers.
Expansion of international presence in North America and the Middle East.
Strengthening premium and digital-first brands like CaratLane, SKINN, and Taneira.

Titan remains optimistic about a strong FY25 close, driven by sustained demand in jewellery, premium watches, and international markets.

Titan shares gain over 2% on robust Q3 business update, standalone revenue grows 24% YoY

Aditya Bhagchandani — Mon, 06 Jan 2025 04:48:56 +0000

Titan Company Limited reported a stellar 24% year-on-year (YoY) growth in standalone revenue for Q3 FY25, driven by strong festive demand across key segments. The company significantly expanded its retail footprint, adding 69 new stores, bringing its total store count to 3,240 as of December 2024.

Key Financial Highlights:

Standalone Revenue Growth: 24% YoY.
Jewellery Segment: Surged 26% YoY, supported by robust Diwali and wedding season sales.
Watches & Wearables: Grew 15% YoY, led by premium analog watches.
EyeCare: Witnessed an 18% YoY growth, driven by strong retail and e-commerce demand.
Emerging Businesses: Recorded 5% YoY growth, led by fragrances.

Segment-Wise Insights:

Jewellery:

Domestic market growth stood at 25% YoY, driven by festive and wedding season demand.
Gold coin sales jumped 48% YoY, highlighting consumer preference for gold as an investment.
The studded jewellery segment grew 21% YoY, achieving its best quarter in FY25.
Expanded by 26 stores, including new locations in Seattle (USA) and Dubai.

Watches & Wearables:

Analog watches grew 19% YoY, benefiting from festive promotions and premium trends.
Wearables saw a 20% YoY decline, reflecting stress in the smart wearables segment.
Added 23 new stores, including Titan World and Helios outlets.

EyeCare:

Retail and e-commerce led a 17% YoY growth in the segment.
Contributed significantly to product mix with affordable fashion eyewear and international brands.
Store count saw a slight net decrease by 3.

CaratLane:

Sales grew 25% YoY, bolstered by a 26% rise in the studded jewellery portfolio.
Added 20 stores in India and opened its first store in New Jersey, USA.

Strategic Developments:

Titan continues to focus on expanding premium and international offerings across all categories, supported by innovative marketing campaigns and strategic investments. The company’s strong Q3 performance reflects its ability to capitalize on festive demand and enhance its retail footprint both domestically and internationally.

Titan Company Share Price history

Day	Open	Close	Change %
Fri, Jan 3 2025	₹3,395.00	₹3,451.65	+1.85%
Thu, Jan 2 2025	₹3,264.00	₹3,388.95	+4.15%
Wed, Jan 1 2025	₹3,248.00	₹3,253.85	+0.02%
Tue, Dec 31 2024	₹3,250.00	₹3,253.15	-0.13%
Mon, Dec 30 2024	₹3,309.95	₹3,257.35	-1.57%
Fri, Dec 27 2024	₹3,319.85	₹3,309.20	-0.42%
Thu, Dec 26 2024	₹3,365.00	₹3,323.05	-0.91%
Tue, Dec 24 2024	₹3,385.35	₹3,353.40	-1.28%

Titan Company Q3 Business Update: Revenue surges 24% YoY; Jewellery segment shines with 26% growth

Aditya Bhagchandani — Mon, 06 Jan 2025 03:17:39 +0000

Titan Company Limited reported an impressive 24% year-on-year (YoY) growth in standalone revenue for the third quarter of FY25, driven by robust festive demand across its key segments. The company also expanded its retail presence significantly, adding 69 stores across its business lines, bringing the total store count to 3,240 as of December 2024.

Key Financial Highlights

Standalone Revenue Growth: 24% YoY.
Jewellery Segment: Grew 26% YoY, driven by strong demand during Diwali and wedding season.
Watches & Wearables: Increased by 15% YoY, with premium analog watches outperforming the wearables segment.
EyeCare: Witnessed an 18% YoY rise, supported by retail and e-commerce sales.
Emerging Businesses: Recorded 5% YoY growth, led by fragrances.

Segment-Wise Insights

Jewellery

Achieved 25% growth YoY in the domestic market, fueled by festive purchases and higher gold prices.
Gold coin sales soared by 48% YoY, reflecting consumer preference for gold investments.
The studded jewellery portfolio registered a 21% YoY increase, marking its best quarter in FY25.
Added 26 stores (net), including international expansions in Seattle, USA, and Gold Souk, Dubai.

Watches & Wearables

Analog watches grew 19% YoY, supported by festive demand and premiumization trends.
Wearables declined 20% YoY due to market stress in the smart wearables segment.
Added 23 new stores in Q3, including 12 Titan World outlets and 10 Helios stores.

EyeCare

Retail and e-commerce sales led to a 17% YoY growth.
International brands and affordable fashion eyewear contributed significantly to the product mix.
Net store count decreased by 3 during the quarter.

CaratLane

Grew by 25% YoY, driven by a 26% rise in the studded jewellery portfolio.
Added 20 stores (net) in India and opened its first international store in New Jersey, USA.

Strategic Developments

Focused on expanding the premium and international offerings across categories.
Continued to invest in innovative marketing campaigns and brand collaborations during the festive season.

Titan market cap drops by Rs 5,108 crore today – Know More

Aditya Bhagchandani — Thu, 21 Nov 2024 06:37:17 +0000

Shares of Titan Company Limited fell by 1.79%, closing at Rs 3,166.85 from the previous close of Rs 3,224.70. The decline resulted in a market capitalization loss of approximately Rs 5,108 crore, bringing Titan’s total market cap to Rs 2,80,868.91 crore.

Key Trading Highlights:

Previous Close: Rs 3,224.70
Closing Price: Rs 3,166.85
Market Cap Loss: Rs 5,108 crore
Current Market Cap: Rs 2,80,868.91 crore

Price and Volume Details:

Opening Price: Rs 3,225.00
Intraday High: Rs 3,233.95
Intraday Low: Rs 3,148.35
Volume Traded: 7.06 lakh shares
Turnover: Rs 224.76 crore

52-Week Performance:

52-Week High: Rs 3,886.95 (January 30, 2024)
52-Week Low: Rs 3,055.65 (June 4, 2024)

Titan’s stock movement reflects cautious investor sentiment amid ongoing market uncertainty.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or platform is not liable for any losses arising from the use of this information.

Titan’s market cap fell ₹3,136 crore this week – Know More

Aditya Bhagchandani — Sun, 10 Nov 2024 08:53:28 +0000

Titan Company experienced a market cap decrease of ₹3,136 crore, bringing its total market cap to ₹2,79,499 crore as of Friday’s close. The last traded share price on Friday was ₹3,186.25, reflecting a weekly decline of approximately 1.11% from Monday’s close of ₹3,222.00.

Investec has maintained its hold rating on Titan, adjusting the target price from ₹4,100 to ₹3,822, indicating an 18% potential upside from the current market price. Titan’s Q2 performance fell below estimates, even after adjusting for inventory impacts related to the customs duty cut.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Nifty 50 top gainers today on 8 November: Mahindra & Mahindra, Titan, Tech Mahindra and more

Aman Shukla — Fri, 08 Nov 2024 10:31:46 +0000

The Indian stock market closed lower for the second consecutive session on Friday, reflecting a week filled with critical global events. The Sensex fell by 55.5 points, closing at 79,486, while the Nifty dropped 51 points to settle at 24,148. The Nifty Bank index also saw a decline, dropping 0.7% to close at 51,561.

Despite the overall market weakness, some stocks emerged as top performers. Mahindra & Mahindra led the way with a 2.9% gain, closing at ₹2974.9. Titan Company followed with a 2.1% rise to ₹3186.3, while Tech Mahindra gained 1.8%, settling at ₹1681.4. Take a look below at the top gainers (as per Trendlyne) of NIFTY 50 today.

Nifty 50 top gainers

Name	LTP	Change(%)
Mahindra & Mahindra Ltd.	2974.9	83.55 (2.9%)
Titan Company Ltd.	3186.3	65.40 (2.1%)
Tech Mahindra Ltd.	1681.4	30.35 (1.8%)
Infosys Ltd.	1830.0	26.90 (1.5%)
Nestle India Ltd.	2295.7	32.80 (1.5%)
Hindustan Unilever Ltd.	2507.7	32.20 (1.3%)
Power Grid Corporation of India Ltd	316.3	3.30 (1.1%)
Cipla Ltd.	1592.6	16.45 (1.0%)
Sun Pharmaceutical Industries Ltd.	1809.6	18.65 (1.0%)
Britannia Industries Ltd.	5747.2	58.25 (1.0%)

Titan shares fall over 3% as Q2 results miss estimates

Aditya Bhagchandani — Wed, 06 Nov 2024 04:06:31 +0000

Jeweller and watchmaker Titan Ltd reported a 25% drop in net profit to ₹705 crore for the quarter ending September 30, 2024, impacted by inventory losses due to a reduction in customs duty on gold imports. This was down from ₹940 crore in the same period last year.

Total income rose by 24% to ₹12,458 crore in Q2FY25 compared to ₹10,027 crore in Q2FY24, with a surge in consumer demand for plain gold jewellery following the cut in import duty from 15% to 6%. Despite this growth, Titan’s jewellery segment faced margin pressures, leading management to reduce EBITDA margin guidance.

The jewellery segment’s income rose 26% year-over-year to ₹10,763 crore, with EBIT at ₹932 crore, yielding an 8.7% margin. Adjusted for customs duty impact, EBIT stood at ₹1,222 crore with an 11.4% margin. However, the profitability of Q2 was depressed due to customs duty losses of around ₹290 crore and investments in various business growth initiatives.

Managing Director CK Venkataraman expressed optimism about the company’s performance for the rest of the fiscal year, citing strong growth across jewellery, watches, and wearables segments. Titan’s smaller watches and wearables division saw a 19% revenue increase, fueled by demand for analog watches.

As of 9:34 am, Titan shares were trading 3.10% lower at ₹3,130.25 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice.

Titan Company’s market cap declines by ₹6,987 crore amid market sell-off

Aditya Bhagchandani — Mon, 04 Nov 2024 07:01:14 +0000

Shares of Titan Company Limited fell by 2.39% on November 4, 2024, closing at ₹3,215, down from the previous close of ₹3,293. This decline in stock price resulted in a decrease in the company’s market capitalization by approximately ₹6,987 crore, bringing its total market cap to ₹2,85,423 crore.

Stock Performance: Titan’s stock opened at ₹3,318, reached a high of ₹3,318, and touched a low of ₹3,190.10 before settling at ₹3,215.
Market Cap Impact: The share price drop from ₹3,293 to ₹3,215 led to a loss in market cap of about ₹6,987 crore, reflecting broader bearish sentiment in the market.

This decline highlights the challenges facing the jewellery and watches sector amid current market conditions, with Titan still below its 52-week high of ₹3,886.95, signaling possible upside if recovery trends emerge.

Titan, Timex, Ethos and other luxury watch stocks decline after proposed GST Hike

Aditya Bhagchandani — Mon, 21 Oct 2024 04:39:44 +0000

The shares of Titan, Timex, KDDL, and Ethos have seen notable declines today, largely in response to the recent recommendation by the Group of Ministers (GoM) to increase the Goods and Services Tax (GST) on luxury wristwatches priced above ₹25,000. The GoM suggested raising the GST rate on these high-end watches from 18% to 28%, which has triggered concerns in the luxury watch sector, affecting the stocks of companies with significant exposure to premium watch sales.

Titan Company was down by 0.43%, trading at ₹3,366.90.
Timex Group declined by 1.08%, with the stock priced at ₹128.
KDDL shares fell 1.52%, standing at ₹2,842.
Ethos Limited shares experienced a drop of 5.58%, priced at ₹2,925.90.

The impact of this proposed GST hike has resulted in cautious investor sentiment toward these companies, especially given their reliance on luxury watch sales.

GoM recommends GST cuts on 20-litre water bottles and bicycles, proposes hike on shoes and watches

Titan Company Ltd: Titan Company Ltd, a leading player in the Indian lifestyle industry, began as a watch company and has since diversified its portfolio extensively. The company now boasts brands across various categories, including jewellery, wearables, eyecare, fragrances, and fashion accessories. Some of its notable brands include Tanishq, Zoya, Fastrack, Sonata, SKINN, and Taneira.

Established in 1984 as a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO), Titan initially focused on watch manufacturing under the name Titan Watches Ltd. The company rebranded to Titan Industries Ltd in 1993 and launched its flagship jewellery brand Tanishq in 1994, later expanding into the eyewear segment with Titan Eye+ in 2007. Titan’s Fastrack brand, targeting the youth, was launched in 1998, marking its entry into the fashion accessories space.

Today, Titan is a major player in the premium and luxury lifestyle space. However, the company’s shares have been impacted by the recent GST hike on luxury watches priced above ₹25,000, contributing to a decline of 0.43%.

Timex Group India Limited: Timex Group India Limited, an India-based company, operates primarily in the manufacturing and trading of watches while providing after-sales services. The company offers a wide range of products, from luxury statement pieces to functional everyday watches. Its diverse portfolio includes globally recognized brands such as Timex, Guess, Versace, Salvatore Ferragamo, and many more.

The company serves as the Original Design Manufacturer (ODM) for several brands, including Wrogn, Van Heusen, and Allen Solly, offering a comprehensive selection of timepieces. Its distribution network spans a variety of channels, including distributors, franchise-operated brand outlets, e-commerce, and modern trade stores.

Despite the company’s expansive product range and strong market presence, Timex’s stock has been affected by the recent recommendation to increase GST on luxury watches, leading to a 1.08% decline today.

KDDL Limited: KDDL Limited is an Indian engineering company primarily engaged in the manufacturing of watch components, including dials, hands, and precision engineering components. In addition to its manufacturing business, KDDL is also involved in trading luxury watches through its subsidiary, Ethos Limited, one of India’s leading luxury watch retailers.

KDDL operates multiple segments, such as precision components, watch accessories, and packaging boxes. Its manufacturing facilities are located in Parwanoo, Derabassi, and Bangalore, providing a strong foundation for its engineering and retail operations.

The stock of KDDL saw a decline of 1.52%, impacted by the government’s proposal to raise GST rates on high-end watches.

Ethos Limited: Ethos Limited, one of India’s leading luxury and premium watch retailers, operates 63 stores across 24 cities, offering more than 65 global luxury watch brands. The company focuses on providing a high-end retail experience, both online and in-store, showcasing over 7,000 premium, bridge-to-luxury, luxury, and ultra-luxury timepieces.

Ethos retails some of the world’s most prestigious brands, including Rolex, Alpina, Breitling, BVLGARI, and Bell & Ross, catering to various market segments. Its watch collection includes automatic, mechanical, quartz, tourbillon, and chronograph models, among others.

The recent proposal to raise the GST on luxury watches has weighed on Ethos’ stock, which fell by 5.58% today. The potential impact of the GST hike has raised concerns about the affordability of premium watches in the Indian market.

Stocks to Watch: Titan, Timex, KDDL, and Ethos in focus as GoM proposes GST hike on luxury watches

Aditya Bhagchandani — Mon, 21 Oct 2024 02:55:54 +0000

Titan Company, Timex Group India, KDDL Limited, and Ethos Limited are in the spotlight after the Group of Ministers (GoM) recommended raising GST on luxury wristwatches priced above ₹25,000 from 18% to 28%.

Titan and Timex, as prominent watchmakers, alongside KDDL (a watch component manufacturer) and its subsidiary Ethos (a luxury watch retailer), could see an impact on sales and demand following the tax hike. This move may affect the overall luxury watch market dynamics in India.

Titan Company Share Price history

Day	Open	Close	Day’s change
Fri, Oct 18 2024	₹3,395.00	₹3,381.45	-0.64%
Thu, Oct 17 2024	₹3,487.00	₹3,403.35	-1.95%
Wed, Oct 16 2024	₹3,508.00	₹3,471.00	-1.07%
Tue, Oct 15 2024	₹3,523.95	₹3,508.50	+0.31%
Mon, Oct 14 2024	₹3,474.40	₹3,497.80	+0.67%
Fri, Oct 11 2024	₹3,464.00	₹3,474.40	+0.79%
Thu, Oct 10 2024	₹3,510.00	₹3,447.25	-1.32%
Wed, Oct 9 2024	₹3,518.00	₹3,493.45	+0.00%

Ethos Share Price history

Day	Open	Close	Day’s change
Fri, Oct 18 2024	₹3,110.00	₹3,098.70	-0.59%
Thu, Oct 17 2024	₹3,173.00	₹3,117.05	-1.04%
Wed, Oct 16 2024	₹3,092.00	₹3,149.80	+1.21%
Tue, Oct 15 2024	₹3,140.45	₹3,112.25	+0.09%
Mon, Oct 14 2024	₹3,119.95	₹3,109.35	+0.53%
Fri, Oct 11 2024	₹3,098.60	₹3,092.85	-0.19%
Thu, Oct 10 2024	₹3,176.00	₹3,098.60	-1.36%
Wed, Oct 9 2024	₹3,173.00	₹3,141.35	-0.26%

KDDL Share Price history

Day	Open	Close	Day’s change
Fri, Oct 18 2024	₹2,949.00	₹2,885.80	-3.09%
Thu, Oct 17 2024	₹2,949.75	₹2,977.90	+1.03%
Wed, Oct 16 2024	₹2,899.85	₹2,947.40	+2.17%
Tue, Oct 15 2024	₹2,951.50	₹2,884.85	-2.26%
Mon, Oct 14 2024	₹3,009.80	₹2,951.50	-0.99%
Fri, Oct 11 2024	₹2,945.95	₹2,980.90	+1.19%
Thu, Oct 10 2024	₹2,982.00	₹2,945.95	-1.18%
Wed, Oct 9 2024	₹2,903.35	₹2,981.15	+2.29%

TIMEX GROUP INDIA LTD Share Price history

Day	Open	Close	Day’s change
Fri, Oct 18 2024	₹128.00	₹129.40	0.00%
Thu, Oct 17 2024	₹131.00	₹129.40	-1.93%
Wed, Oct 16 2024	₹133.90	₹131.95	+0.15%
Tue, Oct 15 2024	₹134.00	₹131.75	-0.72%
Mon, Oct 14 2024	₹129.00	₹132.70	+4.57%
Fri, Oct 11 2024	₹123.00	₹126.90	+2.38%
Thu, Oct 10 2024	₹123.85	₹123.95	-0.04%
Wed, Oct 9 2024	₹125.95	₹124.00	-1.31%

Top Losers of Today, 8th October 2024: SBI Life, Titan, and Tata Steel lead the losers

Aditya Bhagchandani — Tue, 08 Oct 2024 10:52:43 +0000

Despite the broader market rally, a few heavyweight stocks witnessed sharp declines today, leading the pack of top Nifty losers. SBI Life Insurance saw a significant drop of 3.24%, closing at ₹1,730.00. The decline comes amidst overall market optimism, making it a standout loser on a day when most sectors were in the green. SBI Life’s drop has raised some eyebrows, especially considering its usual resilience in the market.

Following closely was Titan, another major player in the market, which fell by 2.35%, ending the day at ₹3,504.90. Titan’s drop comes after consistent gains in the past few sessions, and today’s loss is seen as a correction amid some profit booking by investors.

Tata Steel also faced a rough day, sliding by 2.72% to ₹159.89. The stock struggled throughout the day, as market sentiment around metals remained subdued. This marks another challenging session for Tata Steel, which has seen fluctuating performance amid global uncertainties and changing demand in the commodities market.

Other notable losers include Bajaj Finserv, which dropped by 2.30%, closing at ₹1,836.00. JSW Steel also joined the list with a 1.66% decline, settling at ₹1,001.80.

While the market indices, Sensex and Nifty, ended in the green due to a broad-based buying spree, particularly in sectors like FMCG and banking, the underperformance of these large-cap stocks stood out. The losses seen in SBI Life, Titan, and Tata Steel hint at sectoral rotations, as investors shifted their focus to other areas of the market.

As the markets continue to navigate through various global and domestic cues, it will be interesting to see how these heavyweights perform in the coming sessions, particularly as profit booking and sectoral shifts remain key themes for traders.

Macquarie on Titan: Maintains Outperform call with a target price of Rs 4100

News Desk — Mon, 07 Oct 2024 02:49:53 +0000

Macquarie has maintained its ‘Outperform’ rating on Titan, setting a target price of Rs 4100, projecting an 11% upside from the current market price. In its pre-Q2 update, the brokerage highlighted healthy commentary on the jewellery segment, with sales ahead of estimates.

The report also notes that better-than-expected jewellery sales and healthy sales growth in the watches segment have helped offset weakness in eyewear and other segments. Macquarie expects a 9% growth in standalone EBITDA for Q2.

Current market price (CMP): Rs 3,692.00

Disclaimer: Stock market investments are subject to market risks. The information provided here is for informational purposes only and should not be considered as financial advice. Please consult with a financial advisor before making any investment decisions.

Citi on Titan: Maintains Neutral call with a target price of Rs 4110

News Desk — Mon, 07 Oct 2024 02:35:10 +0000

Citi has maintained its ‘Neutral’ rating on Titan, with a target price of Rs 4110, forecasting an 11% upside from the current market price. The Q2 update points to a decline in the studded mix, advising caution regarding the margin trajectory.

Citi believes the drop in solitaire sales and the overall studded mix could be attributed to uncertainties surrounding the store value proposition of diamonds. The report also highlights the contrast between the rising gold prices and the falling diamond prices, with a focus on the long-term impact of lab-grown diamonds on the market.

Current market price (CMP): Rs 3,692.00 at 8AM, Oct 7, 2024

Morgan Stanley maintains Equal-weight on Titan – Check out target price

News Desk — Thu, 03 Oct 2024 03:07:17 +0000

Morgan Stanley has reiterated its ‘Equal-weight’ rating on Titan, setting a target price of ₹3,570, which indicates a potential downside of around 5% from its current price of ₹3,782.95. The brokerage predicts an 80% probability of the stock’s price rising within the next 15 days.

Titan’s jewelry segment revenue is expected to grow by 16% year-on-year, boosted by demand due to the July duty cut and a favorable base effect from last year’s delayed Pitru Paksha.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Please consult a financial advisor before making any investment decisions.toc

Titan Q1 Results: Net profit edges down to ₹770 crore

Aditya Bhagchandani — Fri, 02 Aug 2024 12:24:14 +0000

Leading jewellery and watchmaker Titan Company Ltd announced a modest decrease in standalone net profit for the first quarter of FY24.

Key Financial Highlights:

Net Profit:
- Current Quarter: ₹770 crore
- Previous Year: ₹777 crore
- Change: -0.9% year-on-year
Revenue:
- Current Quarter: ₹12,053 crore
- Previous Year: ₹11,145 crore
- Change: +8.1% year-on-year
EBITDA:
- Current Quarter: ₹1,211 crore
- Previous Year: ₹1,103 crore
- Change: +9.8% year-on-year
EBITDA Margin:
- Current Quarter: 10.1%
- Previous Year: 9.9%

Despite a slight drop in profit, Titan’s revenue and EBITDA showed positive growth. The company’s performance was slightly below expectations, with a forecasted profit of ₹785 crore.

Financial Summary:

Metric	Current Quarter	Previous Year	Change
Net Profit	₹770 crore	₹777 crore	-0.9% YoY
Revenue	₹12,053 crore	₹11,145 crore	+8.1% YoY
EBITDA	₹1,211 crore	₹1,103 crore	+9.8% YoY
EBITDA Margin	10.1%	9.9%	+0.2%

Top 5 Gold Stocks in India 2024: Market Cap, PE and Stock Prices

News Desk — Mon, 13 May 2024 14:51:01 +0000

Gold has always been a cherished asset in India, holding a special place in the country’s cultural and financial landscape. As the world’s second-largest consumer of gold, India’s demand for the precious metal significantly impacts the global gold market. Investing in top gold stocks has emerged as a popular way to gain exposure to the gold industry without the need for physical possession.

Let’s explore the top gold stocks in India for 2024, examining their market capitalization, stock prices, and the benefits of investing in gold. Additionally, we will delve into gold’s performance over the last decade and the trends in gold buying during this period.

Top Gold Stocks in India 2024

Company Name	Market Cap (Rs. crores)	Stock Price (Rs.)	1-Year Price Performance	P/E Ratio (TTM)
Titan Company Ltd	2,96,480	3,361.05	23.17%	84.8
Muthoot Finance Ltd	68,055	1,679.55	61.84%	16.36
Rajesh Exports Ltd	8,878.47	303.35	-46.99%	12.11
Kalyan Jewellers India Ltd	42,353	414.90	286.23%	70.85
Manappuram Finance Ltd	15,671	183.65	65.02%	7.68

Source

Titan Company Ltd

Titan Company Ltd, the largest player among the top gold stocks in India, commands a market capitalization of Rs. 2,96,480 crores and a stock price of Rs. 3,361.05. The company’s 1-year price performance of 23.17% showcases its steady growth in the gold sector. With a P/E ratio (TTM) of 84.8, Titan Company Ltd demonstrates its strong market position and investor confidence.

Muthoot Finance Ltd

Muthoot Finance Ltd, a leading non-banking financial company (NBFC) specializing in gold loans, secures its position as one of the top gold stocks in India for 2024. With a market capitalization of Rs. 68,055 crores and a stock price of Rs. 1,679.55, the company exhibits its significant presence in the gold financing industry. Muthoot Finance Ltd’s impressive 1-year price performance of 61.84% and a relatively lower P/E ratio (TTM) of 16.36 highlight its growth prospects and financial stability.

Rajesh Exports Ltd

Rajesh Exports Ltd, a prominent gold exporter and manufacturer, holds a market capitalization of Rs. 8,878.47 crores and a stock price of Rs. 303.35. Despite a negative 1-year price performance of -46.99%, the company’s low P/E ratio (TTM) of 12.11 suggests potential for value investing and future growth in the global gold market.

Kalyan Jewellers India Ltd

Kalyan Jewellers India Ltd, a renowned jewelry retailer, boasts a market capitalization of Rs. 42,353 crores and a stock price of Rs. 414.90. The company’s remarkable 1-year price performance of 286.23% demonstrates its robust growth and market dominance. However, a high P/E ratio (TTM) of 70.85 warrants careful consideration of the company’s valuation and future prospects.

Manappuram Finance Ltd

Manappuram Finance Ltd, another leading NBFC focused on gold loans, has a market capitalization of Rs. 15,671 crores and a stock price of Rs. 183.65. The company’s strong 1-year price performance of 65.02% and an attractive P/E ratio (TTM) of 7.68 underscore its growth potential and financial stability in the gold financing sector.

Gold’s Performance in the Last Decade

Over the last ten years, gold has demonstrated its resilience and potential for growth, making it an attractive investment option. From 2014 to 2024, the price of gold in India increased from around Rs. 28,006.50 per 10 grams to nearly Rs. 74,520.00 per 10 grams, representing a staggering 266% growth. This remarkable performance can be attributed to several factors, including:

Economic Uncertainties: The past decade witnessed various economic challenges, such as the European debt crisis, the US-China trade war, Israel-Hamas war, Israel-Iran war and the global recession caused by the COVID-19 pandemic. During these turbulent times, investors sought refuge in gold as a safe-haven asset, driving up its demand and price.
Inflation Concerns: Gold is often considered a hedge against inflation, as its value tends to appreciate during times of rising prices. Over the last decade, concerns about inflation have persisted, prompting investors to allocate a portion of their portfolios to gold as a means of preserving purchasing power.
Geopolitical Tensions: Geopolitical events and tensions, such as the Syrian conflict, the North Korean nuclear threat, and the US-Iran tensions, have further fueled the demand for gold. In times of heightened geopolitical risks, investors tend to flock to gold as a means of diversifying their portfolios and mitigating potential losses.

History of 60-Year Journey of Gold Prices in India

Over the past 60 years, the price of gold in India has witnessed a remarkable growth trajectory. In 1964, the price of 24 karat gold per 10 grams stood at a modest Rs. 63.25. However, as the years progressed, the value of gold consistently increased, reaching significant milestones along the way. The 1970s saw gold prices surpass Rs. 500, while the 1980s witnessed prices crossing the Rs. 1,000 mark. By the turn of the millennium, gold had already reached Rs. 4,400 per 10 grams.

The 21st century brought even more substantial growth to the price of gold in India. The year 2010 marked a significant milestone, with gold prices surging past Rs. 18,500 per 10 grams. The upward trend continued, and by 2020, the price had skyrocketed to Rs. 48,651. As of today in 2024, the price of 24 karat gold per 10 grams stands at an impressive Rs. 74,520, showcasing the enduring value and appeal of this precious metal in the Indian market.

Year	Price (24 karat per 10 grams)
1964	Rs. 63.25
1965	Rs. 71.75
1966	Rs. 83.75
1967	Rs. 102.50
1968	Rs. 162.00
1969	Rs. 176.00
1970	Rs. 184.00
1971	Rs. 193.00
1972	Rs. 202.00
1973	Rs. 278.50
1974	Rs. 506.00
1975	Rs. 540.00
1976	Rs. 432.00
1977	Rs. 486.00
1978	Rs. 685.00
1979	Rs. 937.00
1980	Rs. 1,330.00
1981	Rs. 1,670.00
1982	Rs. 1,645.00
1983	Rs. 1,800.00
1984	Rs. 1,970.00
1985	Rs. 2,130.00
1986	Rs. 2,140.00
1987	Rs. 2,570.00
1988	Rs. 3,130.00
1989	Rs. 3,140.00
1990	Rs. 3,200.00
1991	Rs. 3,466.00
1992	Rs. 4,334.00
1993	Rs. 4,140.00
1994	Rs. 4,598.00
1995	Rs. 4,680.00
1996	Rs. 5,160.00
1997	Rs. 4,725.00
1998	Rs. 4,045.00
1999	Rs. 4,234.00
2000	Rs. 4,400.00
2001	Rs. 4,300.00
2002	Rs. 4,990.00
2003	Rs. 5,600.00
2004	Rs. 5,850.00
2005	Rs. 7,000.00
2007	Rs. 10,800.00
2008	Rs. 12,500.00
2009	Rs. 14,500.00
2010	Rs. 18,500.00
2011	Rs. 26,400.00
2012	Rs. 31,050.00
2013	Rs. 29,600.00
2014	Rs. 28,006.50
2015	Rs. 26,343.50
2016	Rs. 28,623.50
2017	Rs. 29,667.50
2018	Rs. 31,438.00
2019	Rs. 35,220.00
2020	Rs. 48,651.00
2021	Rs. 48,720.00
2022	Rs. 52,670.00
2023	Rs. 65,330.00
2024 (Till Today)	Rs. 74,520.00

Source

Why Invest in Gold?

Investing in gold, particularly through top gold stocks, offers several compelling reasons:

Portfolio Diversification

Gold acts as a portfolio diversifier, helping to mitigate risks associated with other asset classes. By including top gold stocks in their portfolios, investors can potentially reduce overall volatility and enhance risk-adjusted returns.

Hedge Against Inflation

Gold is often considered a hedge against inflation, as its value tends to appreciate during times of rising prices. Investing in top gold stocks allows investors to potentially protect their wealth from the erosive effects of inflation.

Geopolitical and Economic Uncertainties

During periods of geopolitical tensions or economic uncertainties, gold often emerges as a safe-haven asset. Investing in top gold stocks can provide a measure of stability and potential gains during turbulent times.

Conclusion

The top gold stocks in India for 2024 present an attractive opportunity for investors seeking exposure to the precious metal industry. With their substantial market capitalization, stock prices, and performance indicators, these companies offer a gateway to participate in India’s enduring and culturally significant gold market.

Gold’s impressive performance over the last decade, coupled with the trends in gold buying in India, underscores the precious metal’s enduring appeal and potential for growth. As investors navigate the economic landscape and seek to diversify their portfolios, gold and top gold stocks emerge as compelling options.

However, investors must exercise caution and conduct thorough research before making investment decisions. By staying informed about market dynamics, global trends, and company-specific factors, investors can navigate the gold stock market and potentially capitalize on the opportunities it presents.

As India’s affinity for gold continues to shine, investing in top gold stocks provides a means to tap into the growth potential of the precious metal industry. With a well-informed approach, investors can align their portfolios with the glittering prospects of India’s top gold stocks in 2024 and beyond.

Note: The stock prices and market capitalization figures mentioned in this article are as of 17 May 2024 15:32 and taken from NSEindia.com

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Titan shares fall over 7% after Q4 results miss estimate

Aditya Bhagchandani — Mon, 06 May 2024 08:08:40 +0000

In the early trading session on Monday, Titan Company’s stock plunged by over 7% after the company reported weaker-than-expected March quarter results.

After market hours on Friday, May 3, Titan reported a 5% year-on-year (YoY) increase in consolidated net profit, reaching Rs 771 crore for the quarter ending on March 31, 2024. Total income for the quarter also surged by 22% YoY to Rs 11,472 crore.

The company’s EBIT for the quarter experienced a 10% year-on-year (YoY) growth, reaching nearly Rs 1,192 crore. In the Jewellery segment, total quarterly income grew by 19% YoY, amounting to nearly Rs 8,998 crore, while the ‘Watches & Wearables’ segment saw its total income for the quarter stand at Rs 940 crore, marking an 8% YoY increase.

As of 1:35 PM, the shares were trading 7.11% lower at ₹3,282.75 on NSE.

Tata Neu app partners with Air India, offers exclusive rewards

Matrika Shukla — Thu, 22 Feb 2024 11:38:21 +0000

Tata Group’s foray into the digital realm takes another significant leap as Air India joins its app, Tata Neu. In a recent announcement via social media, Tata Group revealed that passengers booking Air India flights through Tata Neu will now enjoy exclusive benefits, further enhancing the allure of this burgeoning platform.

One of the standout perks for travellers is the opportunity to earn 5% NeuCoins on their Air India bookings. With each NeuCoin equivalent to Rs 1, passengers stand to gain substantial cashback rewards. For instance, a Rs 10,000 Air India ticket booked through the Tata Neu app would yield a generous Rs 500 cashback, adding value to the travel experience.

The integration of Air India into the Tata Neu ecosystem marks a strategic move aimed at consolidating Tata Group’s presence in the digital space while enriching customer experiences. By offering enticing rewards, Tata Neu aims to incentivize customers to utilize its platform for their travel bookings, fostering brand loyalty and engagement.

Moreover, the utility of NeuCoins extends beyond just travel-related expenditures. Customers can leverage their accumulated NeuCoins to make purchases across a diverse array of categories, including electronics, fashion, travel, hospitality, groceries, and pharmacy, both online and in-store. This versatility underscores Tata Neu’s commitment to providing a holistic and rewarding shopping experience to its users.

The expansion of Tata Neu’s partner network to include Air India underscores the platform’s growing prominence in the digital landscape. With over 60 million cumulative downloads and a staggering 75 million members enrolled in its NeuPass rewards program, Tata Neu has firmly established itself as a force to be reckoned with in the realm of super apps.

This integration builds upon Tata Neu’s existing partnerships with prominent Tata Group entities such as Air Asia, Indian Hotels, Titan, Tanishq, and Westside, which have already embraced the platform since its inception in 2022. By fostering collaboration across its diverse portfolio, Tata Group continues to leverage synergies to create compelling value propositions for consumers.

As Tata Neu continues to evolve and expand its offerings, the addition of Air India serves as a testament to its commitment to innovation and customer-centricity. By empowering users with rewarding experiences and seamless access to a myriad of services, Tata Neu reaffirms its position as a frontrunner in the digital revolution reshaping the way we live, work, and travel.

Titan’s potential for life questioned: new research casts doubt on habitability of underground ocean

Vaibhav Agrawal — Sat, 17 Feb 2024 14:04:22 +0000

Recent astrobiological research has cast doubt on the long-held assumption that Titan, Saturn’s largest moon, may harbor the conditions necessary for life within its underground ocean. Led by Catherine Neish of Western University in Ontario, Canada, an international team of planetary scientists has challenged the notion that Titan’s vast subterranean ocean, along with similar bodies of water within other icy moons of the outer solar system, could support life.

Titan, renowned for its enigmatic shroud of petrochemical smog and abundance of organic molecules, presents an intriguing celestial puzzle. Beneath its frigid surface lies a liquid ocean, speculated to be as vast as 12 times the volume of Earth’s oceans combined. Yet, despite the tantalizing prospect of liquid water—a crucial ingredient for life—Titan’s extreme cold poses significant challenges to the viability of habitable conditions.

The crux of Neish’s research revolves around the accessibility of organic molecules, vital for prebiotic chemistry and the sustenance of potential life forms within Titan’s oceanic depths. The prevailing hypothesis suggests that comet impacts on Titan’s surface could serve as a conduit for delivering organic material into the subterranean ocean. However, Neish’s modeling indicates that the frequency of such impacts may be insufficient to transport a significant quantity of organic molecules to sustain life-sustaining processes.

In sobering figures, Neish’s team estimates that a mere 7,500 kilograms of the simplest amino acid, glycine, reaches Titan’s ocean annually—a quantity deemed woefully inadequate given the ocean’s vast expanse. This revelation underscores the daunting challenges posed by Titan’s harsh environment and raises questions about the plausibility of habitability within its icy depths.

While the debate surrounding Titan’s potential for life remains unresolved, Neish’s findings offer valuable insights that could inform future exploratory endeavors. Notably, NASA’s forthcoming Dragonfly mission to Titan, on which Neish serves as a co-investigator, holds promise in shedding further light on the moon’s enigmatic surface and subterranean realms.

Titan gets CCI nod for additional stake purchase in CaratLane, stake now stands at 98.2%

Dimple Gehlot — Tue, 21 Nov 2023 16:19:25 +0000

The Competition Commission of India (CCI) has given the green light to Titan Company Ltd for its proposed acquisition of an additional 27.18% share capital in CaratLane Trading Private Ltd (CaratLane), a subsidiary of Titan.

The approval follows Titan’s agreement to purchase the stake for ₹4,621 crore in cash, as announced in August. After this transaction, Titan’s stake in CaratLane would stand at 98.28%, valuing the company at ₹17,000 crore.

The acquisition involves Titan obtaining the share capital from Mithun Padam Sacheti, Siddhartha Padam Sacheti, and Padamchand Sacheti.

Titan’s involvement with CaratLane dates back to 2010, where they had a strategic vendor relationship with Tanishq. Over the years, Titan increased its stake through secondary share purchases.

In the fiscal year 2023, CaratLane reported a turnover of ₹2,177 crore, reflecting a significant 72% increase from the ₹1,267 crore recorded in FY22.

C-2023/10/1058 Commission approves acquisition of additional 27.18% share capital of CaratLane Trading Private Limited by Titan Company Limited.#CCI #Mergers pic.twitter.com/EHralZDlOo

— CCI (@CCI_India) November 21, 2023

Titan to purchase 27% additional stakes in CaratLane Pvt. Ltd

Dixita Hazarika — Sat, 19 Aug 2023 10:39:33 +0000

On Saturday, the company, Titan, made an announcement about purchasing a 27% additional stakes in CaratLane Pvt. Ltd. The announcement was made via a press release shared by the Titan company.

In the press release it was stated that, ” Titan Company Limited today announced that it has signed a Share Purchase Agreement with the Founder of CaratLane Trading Private Limited (‘CaratLane) and his family members to acquire all the shares held by them representing 27.18% of the total paid-up equity share capital (on a fully diluted basis) of CaratLane for a total consideration of 2 4,621 crore.”

Caratlane is an unlisted private company engaged in the manufacture and sale of jewellery and is a subsidiary of Titan. On acquisition, the Company would hold an aggregate of 98.28% of the equity share capital and voting rights (on a fully diluted basis) in CaratLane. The transaction will be subject to completion of customary regulatory approvals and closing conditions and is expected to be financed through a combination of cash balances, internal accruals and debt.

The first investment made by Titan in Caratiane was in 2016 and over these 8 years, the brand has grown by Icaps and bounds with its partnership with Tanishq. Caratiane, for modern women of this age, has extended its consumer purchasing preferences to offer attractive fashion jewelry options. Today, Titan offers the widest choices to its customers through the brands of Tanishq, Mia, Zoya and CaratLane.

C K Venkataraman, the Managing Director of Titan commented on this saying,”Titan has always prided itself in building strong brands that are amongst the leaders in their categories. We have great faith in the India Consumer story and believe that the growth journey of Caratiane has only begun and has a long way to go. We thank Mithun Sacheti, Founder and Managing Director of CaratLane for having jointly built a customer-centric brand that all of us in Tata Group can be proud of and wish him continued success in his future endeavours.”

It was further added by Mithun Sacheti, the Founder and Managing Director of CaratLane that,”Having dreamt of making beautiful jewellery accessible and affordable to all, I am immensely proud of what we have collectively achieved at CaratLane in the past 15 years and where the business stands today. Looking into the future, there couldn’t be a more ideal destination for CaratLane than Titan and the esteemed Tata Group who will provide the perfect opportunities for Caratiane to continue to grow from strength to strength. I whole-heartedly thank Titan as well as extend my heartfelt gratitude to colleagues, partners and million customers whose support and love has paved the way to our success and made it India’s largest digitally native omni-channel jewellery brand. I wish Caratiane and all those associated with it many more successes in times to come.”

Currently, the Company owns 71.09% of CaratLane’s overall equity share capital in full diluted form. The proposed transaction further increases the holding in CaratLane by 98.28% on a fully diluted basis, thereby increasing the economic interest of the Company in that subsidiary.

Titan company Q1 results: Net profit declines 4.3% to Rs 756 crores, revenue rises 26%

Adesh Dixit — Thu, 03 Aug 2023 04:48:37 +0000

Titan Company Ltd. announced on August 2 that its consolidated net profit for the June quarter of FY24 was Rs 756 crore, down 4.3% from Rs 790 crore in the same quarter of the previous fiscal year.

After reporting a profit of Rs 736 crore in the previous quarter, the company claimed a 2.7% increase.

According to a regulatory filing, the company’s total consolidated revenue is Rs 11,897 crore, up 25.97 percent from Rs 9,443 crore in the same period last year. From the previous quarter’s Rs 10,360 crore, the revenue climbed by 14.83 percent.

“We’ve had a strong start to the year with double-digit sales growth in all business segments. With a 19% year-over-year rise, the jewelry industry continued to be the company’s top performer, according to Mr. C K Venkataraman, managing director.

Over the same year, the company’s business in India had a 20 percent growth spurred by robust demand during Akshaya Tritiya and an alluring gold exchange program. Comparing Q1FY23 to Q1FY23, the average ticket size increased by 6% while the buyer growth was 14%.

Although net profit fell short of projections, revenue was mostly in line. Brokerage firms polled revealed that Titan’s first-quarter sales was Rs 10,723 crore, with a net profit of Rs 923.2 crore.

The watch and wearables industry saw a 13 percent increase in total revenue to,890 crores in Q1FY23, driven mostly by a robust 81 percent gain in the Wearables category. According to a press release from the company, the premiumization theme was prominent, with Titan and International brands experiencing strong buying momentum and impressive double-digit growths in the analog segment.

Compared to Q1FY23, the EyeCare business’s overall revenue increased by 11% to Rs 203 crore. The growing sector, which sells Indian dress wear, fashion accessories, and fragrances, had a 37% increase in total revenue to Rs 76 crore.

Comparing CaratLane Private Limited’s total income to the same quarter last year, it increased by 32% to Rs 640 crore. In comparison to Q1FY23, Titan Engineering and Automation Limited’s total income was Rs 61 crore, a 32% decrease.

Titan’s share price dropped 1.25 percent to Rs 2964.25 on the NSE on August 2.

Stocks To Watch Today: Titan, Sula Vineyards, ABB India, Tata Chemicals

Markets Desk — Thu, 04 May 2023 01:21:20 +0000

The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets too remained negative as Dow Jones, S&P 500 and Nasdaq ended in the red on Tuesday. Markets in India continued to gain higher on the back of positive earnings growth so far and solid foreign institutional flows.

Top stocks to watch today are Titan, Sula Vineyards, ABB India, Tata Chemicals, besides others.

Titan: Titan’s Q4 net profit jumped 50% to Rs 734 crore against Rs 491 crore reported in the same period last year. The company’s revenue came in at Rs 9,704 crore against Rs 7,276 crore posted in Q4FY22, a jump of more than 33%. The board of the company has also recommended a dividend of Rs 10 per share for its shareholders.

Sula Vineyards: Wine maker Sula Vineyards reported a 5% growth in its consolidated profit at Rs 14.2 crore, a jump of 5% against Rs 13.5 crore in the same period last year. The company’s revenue from operations rose 7% on a year-on-year basis to Rs 120 crore against Rs 112 crore in Q4FY22.

ABB India: ABB India’s Q1CY23 revenue came in at Rs 2,411 crore against Rs 1,968 crore posted during the same period last year, a growth of 22.5% YoY. Margin for the company grew from 9.5% in Q4FY22 to 11.8% for the quarter ended March 2023.

Tata Chemicals, Sona BLW Precision and others will be the stocks in focus today on the back of their Q4 earnings.

Stocks To Watch Today: Titan, Tata Motors, Sobha, IGL, MGL, Guj Gas

Markets Desk — Mon, 10 Apr 2023 01:14:56 +0000

The SGX Nifty signals a flat start for the Sensex, Nifty today. Cues from US markets remained mildly positive as Dow Jones, S&P 500 and Nasdaq ended marginally higher on Friday. Markets in India will now focus on the earnings season that kick starts this week with IT majors TCS and Infosys to report their numbers.

Top stocks to watch today are Titan, Tata Motors, Sobha, IGL, MGL, Guj Gas, besides others.

Titan: Shares of Titan will be in focus today after the company in its Q4 business update announced that the company recorded healthy double-digit growth across all categories. The company’s jewellery revenue grew by 23% on a low base, it said.

Tata Motors: Tata Motors’ Jaguar-Land Rover registered a 30% growth YoY in retail sales at 1.02 lakh units for the quarter ended March FY23. Its total global sales, including JLR rose 8% to 3.61 lakh units.

Sobha: Real Estate developer Sobha reported its best ever quarterly sales in Q4FY23. The company’s sales value grew 26% and stood at Rs 1207 crore against Rs 961 crore on a year-on-year basis.

IGL, MGL, Guj Gas: Shares of gas companies like IGL, MGL, and Guj Gas will be in major focus today after the government accepted and took into consideration the recommendations of the Kirit Parikh Committee. The floor price for gas pricing now stands at at $4/mmbtu, ceiling at $6.5/mmbtu.

Stocks to watch: HDFC Bank, Infosys, Zee Entertainment, Axis Bank and others

Aryan Jakhar — Fri, 24 Feb 2023 03:15:00 +0000

The Nifty futures contract traded on the Singapore Exchange shows that local equities are off to a good start. The contract was worth 17,644.50 at the time of writing, up 53.5 points or 0.30% from the previous close.

ZEEL: Zee Enterprises’ managing director and chief executive Puneet Goenka filed an appeal with the National Company Law Tribunal on Thursday, appealing the National Company Law Tribunal’s ruling admitting an IndusInd Bank application for insolvency proceedings against the corporation. On Thursday, the stock dropped more than 10% intraday before recovering to close 3.46% down.

Lemon Tree Hotels: The business authorised the purchase of up to 22,00,000 Compulsory Convertible Preference Shares in Aleur Hotels from APG Strategic Real Estate Pool N.V, an existing stakeholder.

HDFC Bank: The private sector lender announced a $750 million dollar bond offering. The bank issued $750 million in Senior Unsecured Bonds through its GIFT City IFSC Banking Unit. Moody’s Rating Services assigns the notes a Baa3 rating, while S&P assigns a BBB- rating.

Muthoot Finance: The company’s board of directors may evaluate and authorise fund raising through the issue of Non-Convertible Debentures (NCDs) via Private Placement.

Axis Bank: Last year, the lender announced plans to acquire Citibank’s India Consumer Business from Citibank N.A. as well as the NBFC Consumer Business from Citicorp Finance (India). It was disclosed in the discussions that they had made progress, receiving all of the essential clearances. The bank projected that the deal will be completed by March 1st.

Jindal Steel, Jindal Steel (Hisar): The NCLT approved the merger of Jindal Steel and Jindal Steel (Hisar) (Hisar). In a filing with the exchanges, the company stated that it had received the final order from NCLT sanctioning “the Composite Scheme of Arrangement under Section 66, 230-232, and other applicable provisions of the Companies Act, 2013, amongst Jindal Stainless, Jindal Stainless (Hisar), JSL Lifestyle, JSL Media, Jindal Stainless Corporate Management Services, and Jindal Lifestyle and their respective shareholders and creditors.”

Sanofi India: Sanofi India’s board of directors proposed a final dividend of Rs 194 per equity share, as well as a second special dividend of Rs 183 per equity share. The firm also declared a 44.8% increase in net profit year on year to Rs 130.8 crore for the quarter ending December 31, 2022.

Tube Investments of India bought 10,753 equity shares, representing 50% of X2Fuels and Energy’s subscribed and paid-up share capital. The firm is a start-up in its early stages that aims to develop and implement thermochemical technology for converting waste materials into storable liquid and solid fuels.

Titan: Titan’s subsidiary, Favre Leuba AG (FLAG), will aim to reduce activities in response to Titan’s board’s recommendations. FLAG will sell its “Favre Leuba” brand to a potential buyer. FLAG also indicated that it will apply for liquidation when the deal is completed, subject to getting the necessary clearances.

Bharat Forge: Bharat Forge announced that the ‘investment committee – defence business’ has approved the transfer of the company’s stake in Aeron Systems to Kalyani Strategic Systems, a wholly-owned subsidiary of the company, in order to house all of the company’s defense-related investments under one entity.

Infosys: Infosys announced an expansion of its relationship with Microsoft to assist expedite business cloud transformation journeys globally.

Titan Q3 Results: Net profit at Rs 951 crore, stocks falls nearly 2%

Aryan Jakhar — Thu, 02 Feb 2023 09:39:43 +0000

Titan Firm Ltd, the flagship company of the Tata Group, recorded double-digit sales growth in the December quarter, owing to strong customer demand over the holiday season. The firm recorded a standalone net profit of ₹951 crore for the third quarter, a 3.6% decrease from the previous year’s period of ₹987 crore.

Product sales increased 11% to ₹10,444 crore, up from ₹9,381 crore in the previous year’s December quarter.

Titan shares were trading 1.79% down at ₹2,304.00 a share on the NSE at noon on Thursday.

Titan slips 3% despite 11% YoY jewellery sales growth in Q3 ⁩

News Desk — Mon, 09 Jan 2023 06:33:02 +0000

Titan announced on Friday that the company saw healthy consumer demand during the holiday season, resulting in a 12% increase in combined sales year over year in the December quarter.

Despite a high starting point, Titan reported double-digit growth in all segments. In the fourth quarter, the company opened 111 new stores.

“The strong consumer demand generated by a busy holiday season resulted in a 12% increase in combined sales year on year across the Company’s standalone businesses. Despite a high base in the same period last year, the positive consumer sentiment helped all categories post healthy double-digit growth “Titan stated in its regulatory filing.

In the jewellery division, the festive category saw healthy new buyer growth. The segment also saw higher purchase values, which increased by 11% year on year.

“Healthy new buyer growths in the festive period, higher value purchases in the studded category and unique new collections for the season helped the Division achieve a ~11% growth YoY (excluding bullion sales). The sales from studded category moderately outpaced gold jewellery (plain) segment growth compared to the same period last year. Wedding sales grew in-line with the Division’s overall sales,” said Titan.

Tanishq will open its first international store in the United States, New Jersey, in December 2022. With the addition of this store, the international presence now totals six stores in Dubai, Abu Dhabi, and the United States. The new store expansion for the quarter included 8 Tanishq stores and 14 Mia by Tanishq stores.

Due to strong traction in the wearables space, the watches and wearables division grew by 14%.
The division of eye care increased by 10%. Titan Eye Plus added 36 new stores in the December quarter.

Caratlane, where Titan owns 72.3 percent, grew by 50% thanks to gifting.

Titan reported a 33.7% increase in net profit to 857 crore for the September 2022 quarter. This compares to a net profit of 641 crore in the previous year.

The company’s stock was down 1.02% at 2,536.95 on the BSE.

Titan Q3 business update: Combined sales up 12% year on year, 111 outlets added

Aryan Jakhar — Sat, 07 Jan 2023 01:38:12 +0000

Titan Company Ltd said on January 6 that its total sales, including all business categories, increased by roughly 12% year on year during the third quarter of fiscal year 2022-23.

According to an exchange filing, the company added 111 new retail shops for the three-month period ending December 2022.

Titan experienced the greatest growth in its ‘developing businesses’ sector, where revenues increased by 75% year on year. This comprises fragrance and fashion accessories, as well as Taneira-branded Indian formal wear. According to the corporation, five new stories dealing with this area of business were opened during the quarter.

The ‘watches & wearables’ section increased by 14 percent. “A slew of exciting product launches in the fiscal year leading to the festive season contributed well to more than tripling sales from the wearables sub-segment in the quarter compared to the same period last year,” Titan said, adding that 48 new stores in this category of business were opened in Q3 FY23.

The jewellery business increased by 11% year on year, with 22 new stories added during the quarter. Wedding sales increased in tandem with overall Division sales. Tanishq will build its first international boutique store in New Jersey, USA, in December 2022. “With the launch of this store, Titan’s international presence now includes six locations in Dubai, Abu Dhabi, and the United States,” Titan stated.

Sales in the eyecare industry increased by 10% year on year, with the company opening 36 additional Titan Eye+ locations between October and December.

Titan reported a 33% YoY increase in net profit to Rs 857 crore in Q2 FY23. The firm’s standalone revenue increased by 21.8 percent year on year to Rs 8,730 crore.

Titan Q2 Results: Net profit increases 33% to Rs 857 crore

Aryan Jakhar — Fri, 04 Nov 2022 10:52:42 +0000

On November 4, Titan Company announced a year-over-year increase of 33% in its standalone profit after tax for the September quarter, coming in at Rs 857 crore. In the same quarter of the previous fiscal year, net profit was Rs 641 crore.

This exceeded analysts’ predictions of Rs. 713 crore by a significant amount.

Revenue from one source increased by 21.8 percent YoY, from Rs 7,170 crore to Rs 8,730 crore. EBITDA, also known as earnings before interest, taxes, depreciation, and amortisation, increased by 29.4% to Rs 1,234 crore from Rs 954 crore in the same quarter of the previous fiscal year.

EBITDA margins increased from 13.3 percent to 14.1 percent year over year.

“Despite an uncertain macro environment, the current festive season starting from end of September month and continuing till end of October has been quite positive and the consumer confidence remains upbeat,” CK Venkataraman, managing director of the company said.

He continued by stating that the bigger business sectors of jewellery, watches & wearables, and eyecare had seen retail growth of 17–19 percent over the same period last year during the holiday season.

“We remain relentlessly focused in executing our growth plans in India and overseas and are optimistic about our performance in the remaining quarters of the current financial year,” he added.

Titan Company falls 3.59 pc to Rs 2524.60

United News of India (UNI) — Fri, 25 Mar 2022 11:21:57 +0000

Mumbai, March 25 (UNI) Titan on Friday dropped 3.59 pc to Rs 2524.60 a major loser in 30 scrips of BSE. Other losers were Tech Mahindra by 2.35 pc to Rs 1532, Maruti Suzuki by 1.79 pc to Rs 7419.45, Wipro by 1.18 pc to Rs 603.65 and L& T by 1.14 pc to Rs 1750.90. The gainers were Dr Reddy’s Laboratories by 0.77 pc to Rs 4360.90. Asian Paints by 0.76 pc to Rs 3046.40, Reliance industries by 0.73 pc to Rs 2696.70. Bharti Airtel by 0.72 pc to Rs 711.35 and SBI by 0.69 pc to Rs 490.35.

(Except for the headline, this story has not been edited by Business Upturn staff. And is published from a syndicated feed.)

Sensex takes a dip by 233 points; today’s gainers are Reliance and SBI

Mymun Malik — Fri, 25 Mar 2022 11:10:27 +0000

Sensex takes a dip for the third day in a row, equity standards ended in a downward trajectory. Sensex dropped by 233 points at 57,362 and Nifty closed business at 70 points lesser at 17,153. Indian equity had opened in green earlier.

Sensex’s opening was at 192 points high at 57,788.25 and Nifty rose to 66 points at 17,289. However early trade showed a dip in indices and turned red.

Today’s top gainers are SBI and Reliance Industries whereas top losers are Maruti Suzuki and Titan

Shibani Kurian from Kotak Mahindra Asset Management Company, said, “Indian equity markets were volatile amidst geopolitical crisis and rising inflation. The Indian rupee fell due to rising global crude oil prices however India’s 10-year bond moved higher.”

In lieu of the Russian-Ukraine crisis, the Indian economy faces the risks in inflation. And balance payments including corporate business which calculated the input costs higher than the output.

India imports crude oil and for every 10% rise in crude oil it has a direct effect on the present account deficit by 30 bps and inflation of CPI by 40 bps, and Gross domestic profit by 20 bps, the rest is unchanged.

Even though Sensex took a dip, when compared to the previous domestic markets standpoint, India has large forex reserves, robust FDI inflows and renewed export growth.

Titan crosses $2 trillion in market cap owing to recovery in demand in Q2 FY22

Cheryll Jain — Thu, 07 Oct 2021 05:42:59 +0000

Tata Group led Titan Co Ltd crossed $2 trillion in market capitalisation on Thursday, October 7 owing to an announcement made by the company the day prior declaring that Titan had witnessed a strong improvement in demand in the July-September quarter, and its sales in most of its departments are either above or close to pre-pandemic levels.

Titan shares hit a record high on Thursday morning, opening at Rs. 2,222.85 after a previous close of Rs. 2,146.80 on the BSE. It then went on to hit ₹2353 on the BSE, up 9.61per cent from its previous close and was trading at Rs. 2,357.50 at 10:40 AM. It has reached a total market capitalisation of Rs. 2.07 lakh crores.

This makes Titan the second entity of Tata Group to cross the $2 trillion mark, the first being Tata Consultancy Services, which is a Mumbai-headquartered information technology services and consulting company.

Titan, an Indian luxury brand, reported recovery in many of its segments during the second quarter of FY22 on Wednesday. Its jewellery business, excluding bullion sales, reported a 78 per cent year-on-year growth, amassing a compound annual growth rate (CAGR) of 32 per cent on a two-year basis. It also reported that the jewellery segment has added 13 stores in the second quarter of FY22, taking its store tally to 414.

The watches and wearables segment recovered quickly, with sales acceleration witnessed across all product brands, Titan reported, clocking a 73 per cent year-on-year growth. Meanwhile, its eyewear division reported a growth of 74 per cent YoY in the same period.

Emkay Research, a market research and investment firm, accounted for the fully unlocking of the country in light of the dwindling COVID-19 cases, and the forthcoming festival and wedding season to likely result in a further increase in revenue in the upcoming quarters.

Owing to these developments, the firm also increased its quarterly and annual estimates, stating “Factoring in the strong growth momentum, we increase our FY23/FY24 EPS estimates by 8-12 per cent. Given the solid growth and earnings outlook, we raise our Sep’22 TP to Rs. 2,530 (from Rs. 2,000), valuing the stock at 65x Sep’23E EPS (from 55x Sep’23E EPS earlier),” in a note to its investors.

Titan Co manages better Q1 results amid second COVID-19 wave

Sneha Sengupta — Thu, 05 Aug 2021 07:33:11 +0000

Titan’s mainstay witnessed a surge in their jewellery revenues by 109% year on year. Titan, on a standalone basis, stated a whopping profit at the Ebitda level of Rs144 crore against the loss of Rs246 crore in Q1FY21 in the ongoing pandemic phase.

According to the data published by Bloomberg, the admissible issue for Titan’s investors is related to the expensive shares’ valuations. The expansion rate for the company is limited, however, the stock trades at 63 times the targeted earnings for FY 2021.

On August 4, an analyst from Jefferies India Pvt. Ltd reported that “We find the stock fully valued at current valuations and retain Hold (rating).” The broker from the National Stock Exchange added, “We raise our FY22-24 earnings estimates by 3-10% to factor in stronger 1Q and management commentary on store operations.”

Approaching towards the June quarter, Titan’s sales took a small jump just before the shops closed on a temporal basis on the third week of April. However, the company’s operating revenues have magnified tremendously on a year-on-year basis to Rs2780 crore. For instance, revenues in the March and December quarter stood at Rs6900 crore.

Interposing on Titan’s profitability figures on the jewellery segment, JM Financial Institutional Securities Ltd said, “We found it quite surprising for a business that has been clocking around 12% steady-state margin to still be able to earn 8.4% when topline is around 60% below more ‘normal’ levels.” In relation to the previous year’s sales, Titan’s watch business witnessed a gush in earnings before deducting interest and tax (Ebit) losses.

Nevertheless, of the outpouring profits, analysts believe in the growth opportunity for Titan in the coming days. As stated earlier, share valuations are not cheap, rather it simplifies a good share of the optimism.