Titan shares drop 4% on lower than expected Q2; here’s what brokerages say
Motilal Oswal, Nuvama, and Emkay have retained buy call on ‘Titan’, while ICICI Securities maintained a ‘Hold’ rating on the Tata Group stock.
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Stock market review: Movers and shakers of Budget day
In the BSE Sensex pack, 11 out of 30 stocks ended in green on Budget day, led by Titan, ITC, Adani Ports, NTPC, and Infosys.
Jewellery stocks shine as FM cuts customs duty on gold; Senco Gold, Titan, PC Jeweller jump up to 12%
In her Budget speech, the FM announced a reduction on Basic Custom Duty (BCD) on gold and silver from 10% to 6%.
Titan shares tumble 8% on tepid earnings
Titan reported a 4.8% year-on-year rise in its net profit to ₹771 crore for the fourth quarter.
Titan Q4 profit rises 5% to ₹771 crore
For the full financial year 2023-24, profit increased 7% to ₹3,496 crore compared with ₹3,274 crore in FY23.
TCS, Tata Motors, Tata Power propel Tata Group’s m-cap to ₹30 lakh cr
In the last four months, the m-cap of Tata Group increased by ₹5 lakh crore, driven by sustained rally in heavyweights such as TCS, Tata Motors, Tata Power, and Indian Hotels.
Titan to hire 3,000 employees in next 5 years
Titan plans to increase the percentage of employees in engineering roles by 50% in the next two to three years.
Titan Q4 profit jumps 50% to ₹734 cr; revenue up 33%
Revenue from operations rose 33% during the fourth quarter to ₹9,704 crore.
Pivoting the Tata Group
As India’s fast-growing economy determined to achieve ‘aatmanirbharta’ throws up new business opportunities, Tatas need to tap them to stay ahead of the curve.
Titan falls 3% despite decent Q3 sales; should you buy the dip?
The jewellery-to-watchmaker reported 12% YoY growth in its standalone business in Q3 FY23, driven by healthy consumer demand during festive season.
