Titan Eye Plus

Motilal Oswal retained its 'Buy' rating with a target price of ₹4,150, noting Titan's 25 per cent consolidated Y-o-Y growth and 17 per cent jewellery growth ex-bullion.

The northward move in Titan share price came after Sydney, Australia-based Macquarie reportedly maintained an 'Outperform' rating, with a target price of ₹4,150.

Gold jewellery and coins grew 27 per cent and 65 per cent Y-o-Y, respectively, with high consumer demand for gold as both an adornment and store of value, Titan said.

The primary concern weighing on the Titan share was weaker-than-expected margin in Q3 results, analysts said

Overall, the jewelley sector has seen an approximately 8 per cent revenue CAGR during FY19-24, reaching Rs 6,40,000 crore in market value, with the organised segment growing at 18-19 per cent

Muthoot Finance has been in a steady uptrend for over 10 months, consistently forming higher highs and lows with a gradual increase in volumes

Since reaching its peak around the Rs 3,800 mark on April 1, 2024, the market has experienced a significant downturn, with a decline of nearly 600 points, translating to a 16 per cent loss in price

Analysts attribute this margin miss to heightened competitive pressure due to a spike in gold prices

Ajoy Chawla, CEO of jewellery business; Suparna Mitra, who heads watches and wearables segment; and Saumen Bhaumik, overseeing the eyecare business, have been picked as contenders for CEO

Tata Group firm Titan plans to open 18 new international stores of its jewellery brand Tanishq, primarily in the Gulf region, taking the total count to 25 by the end of this fiscal. Despite the operational complexities of opening stores in unfamiliar territories, the company plans to "aggressively expand" in FY24 across GCC (Gulf Cooperation Council) region and the US market, given the evident consumer demand for Tanishq brand jewellery, said the latest annual report from Titan Company Ltd. "The company aspires to further strengthen its international presence to 25 international stores by the end of FY 2023-24, with growth primarily being driven by additions in the GCC region," said Titan. Tanishq, which increased the number of international Tanishq stores from 2 to 7 in FY23, has received a 'positive response' in global markets and now plans to expand its presence further, it added. "Tanishq aims to become the preferred jeweller in the NRI/ PIO markets by leveraging the pride tha

Extended use of mobile phones, laptops and television have impacted our eyes as we work, study and entertain at home; here are some tips to start moving to 20/20 vision again

Had presence in 200 such stores; it has already moved out of 70 Lifestyle stores

With a new digital campaign and fresh thrust to its omnichannel plans, the Tata-group owned eyewear brand hopes to take on its newer, younger rivals