The first batch of Sovereign Gold Bond investors, who had made the right decision eight years ago, are elated as the safe haven has ended up delivering a solid tax-free return of 128% besides an annual 2.5% interest. But equity bulls betting on a gold jeweller, with over 844 branches at last count, have managed … Read more
After ending Tuesday’s session 89 points higher, Nifty was trading range-bound with a marginal positive bias on Wednesday. Nifty faces substantial resistance in the range of 19800-19900, and a breakthrough of these levels could trigger a swift upward movement, prompting an unwinding on the call side and potentially propelling the Nifty to the 20000–20200 zone, … Read more
Bolstered by better-than-estimated September quarter earnings last week, shares of Titan Company found a favourable review from a clutch of top brokerages. While CLSA upgraded the stock to buy and revised its price targets upwards on the company’s knack for finding buyers with spending ability, HSBC reinforced its stance on strong Q2 earnings. Among domestic … Read more
The second quarter results, even though a bit mixed, were largely in line with the expectations so far. While the IT companies’ revenue forecasts were muted, private lenders reported good margins and improved asset quality. In the upcoming week, a slew of Nifty companies and some Adani group firms will announce their earnings. Here’s a … Read more
A host of important triggers are likely to have an impact on Titan Company, FSN E-Commerce Ventures, Dabur India and Gravita India. After Q2 updates, Morgan Stanley took an Equal Weight stance on Titan while Nomura maintained a neutral view on the Lifestyle-focused consumer technologies platforms FSN which operates Nykaa. Macquarie has a ‘Neutral’ stance … Read more
Shares of Titan Company fell 3% to the day’s low of Rs 2,886 on the NSE in Thursday’s early trade after the jewellery maker reported a 2% year-on-year (YoY) decline in the June quarter net profit on Wednesday. Tata Group‘s fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on RIL, Citi downgraded Pidilite Industries to sell, Nomura downgraded UltraTech Cement to neutral, and Investec initiated a buy rating on Indian Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| Target Rs 3210Morgan Stanley … Read more
Rescuers searched a vast swath of the North Atlantic for a third day on Tuesday, racing against time to find a missing tourist submersible that vanished while taking wealthy passengers on a voyage to the wreck of the Titanic in deep waters off Canada’s coast. The 21-foot-long Titan was built to stay underwater for 96 … Read more
“I will say that real estate is something which I would like to categorize in a rich man’s consumption and it is something which is still reasonable. We would all love to have Titans and Trents and Jockeys of the world in our portfolios but obviously the valuations are so rich that at best what … Read more
Shares of rallied over 5% to Rs 2,424.5 in Friday’s intraday trade on BSE. The company reported a net profit of Rs 951 crore for the December quarter, down 4% YoY. It was Rs 987 crore in the corresponding quarter of last year. Its sales during the quarter rose 11% to Rs 10,444 crore, compared … Read more