Virat Jagad of Bonanza provides a technical analysis on 5 stocks from Rekha Jhunjhunwala's portfolio: Titan, Federal Bank Karur Vysya Bank, Metro Brands and Indian Hotels. Here's what the analyst says
Brokerage reports state that mass categories performed well during the quarter and the sector was aided by store expansion
Thus far in the calendar year 2026, the stock price of Thangamayil Jewellery zoomed 110 per cent, as against 7.4 per cent decline in the Nifty 50.
In the past month, Titan (up 14 per cent), Thangamayil Jewellery (28 per cent) and Sky Gold (21 per cent) logged strong gains as against a 4 per cent rise in the BSE Sensex.
Titan registered a strong all-round performance in Q1FY27 with domestic business growing by 37% driven by 39% growth in the jewellery business, while international business grew by 128%.
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Titan expects rising discretionary spending, premiumisation and formalisation across categories, along with robust economic growth, to drive long-term demand for its branded products
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While retaining HDFC Bank, Bernstein has added Axis Bank to its portfolio amid hopes of an improvement in asset quality and a more favourable trajectory for credit costs.
Titan share price rises 5 per cent in two days as FY30 roadmap boosts analysts' confidence. Brokerages see market share gains, CaratLane growth, and international expansion driving revenue growth
But Markose is also revving up in the premium and luxury segment now
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Titan said it will take another four to six weeks to assess the impact of higher gold import duty and the PM's appeal to reduce gold consumption on consumer sentiment
Ambit said crude-linked RM inflation is expected to impact companies unevenly, with margin outcomes depending on pricing strategy, balance sheet strength, and operating leverage
Motilal Oswal believes Titan is well-equipped to manage the situation through superior gold sourcing capabilities and a strong balance sheet.
Nomura has maintained a 'Buy' on Titan with an unchanged target price of ₹4,950, based on 60x March 2028 earnings per share (EPS)
Govt hikes gold import duty: The move triggered selling in jewellery stocks, including Kalyan, Senco Gold, Titan. On the contrary, shares of Manappuram Fin, Muthoot Fin, and IIFL Finance rose up to 7%
Gold-related stocks are likely to remain in focus post 15% import duty hike. In the last two days, these shares tumbled up to 15% after PM Modi appealed to Indians to abjure buying gold for a year.
Shares of jewellery companies like Titan and Kalyan Jewellers were dragging the overall index down after Prime Minister Narendra Modi's speech at a public event in Hyderabad over the weekend
Shares of jewellery companies witnessed selling pressure on Monday after PM Modi urged citizens to abjure from purchasing gold and gold jewellery for the next one year.