In the past three months, the Nifty Consumer Durable index surged 15 per cent, against a 2.7 per cent rise in the Nifty 50.
A sentiment knock across the pack was the realistic expectation, said Anirudh Garg, Fund Manager and Partner, INVasset PMS, with the magnitude inversely proportional to succession clarity.
After shedding almost up to 5 per cent a day earlier, most Tata group stocks gained. Titan and Tata Investment Corporation remained the top laggards.
Four stocks, namely Trent, Nelco, Tata Investment Corporation and Titan Company, have seen a whopping 1,707 per cent to 1,018 per cent rise in almost 9.5 years.
Most of the group stocks such as TCS, Titan, Tata Communications and Tata Motors PV traded with cuts of up to 4 per cent in intraday deals on Wednesday.
Most of the group stocks traded with cuts of up to 4 per cent following the report. Crown jewel Tata Consultancy Services (TCS) was the top loser with a 4.12 per cent decline.
Titan's robust June-quarter performance and growth outlook have prompted earnings upgrades, with jewellery demand, market-share gains and execution supporting prospects
India has a strong opportunity to emerge as a global hub for design-led jewellery manufacturing, supported by its manufacturing capabilities, craftsmanship and more FTAs, says Senco Gold.
Titan Company's consolidated net profit during the first quarter of the financial year rose 62.9 per cent year-on-year, on the back of strong sales.
Vodafone Idea, Bosch, Amara Raja Energy & Mobility, Hindustan Copper, Bharat Forge among firms to report Q1FY27 result today.
Revenue from operations increased 29.3 per cent year-on-year to Rs 21,356 crore, while jewellery business income grew 43 per cent during the April-June quarter
Leading jewellery and watchmaker Titan Company Ltd on Friday reported a 62.87 per cent rise in consolidated net profit to Rs 1,777 crore for the June quarter of FY27, led by jewellery business. The company had posted a net profit of Rs 1,091 crore in the April-June period a year ago, according to a regulatory filing. Its sales were up 40.31 per cent year-on-year at Rs 20,787 crore in the June quarter of FY27, from Rs 14,814 crore in the corresponding quarter a year ago. Total expenses of Titan increased 26 per cent YoY to Rs 19,075 crore in the June quarter. Its Jewellery business, which contributes around 90 per cent of the business, was up 29.73 per cent to 19,002 crore in Q1 FY27, compared to Rs 14,647 crore in the corresponding quarter of the preceding fiscal. Titan's total consolidated income increased 29.3 per cent to Rs 21,502 crore in the quarter under review. Shares of Titan Company Ltd on Friday settled at Rs 4,943 apiece, down 0.82 per cent, on the BSE.
Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One believes that the technical set-up of Titan, Kalyan Jewellers and Hindustan Zinc suggests further upside for these stocks.
Q1FY27 company results: Firms including Oil India, Power Finance Corporation, BEML, Godrej Consumer Products, and The Ramco Cements are also to release their April-June earnings today
SBI, Titan Company, Hindalco, Power Finance, Oil India and Cupid among firms slated to post their June quarter results.
Analysts believe Titan remains one of India's highest-quality consumer discretionary franchises, supported by category leadership, strong execution and multiple growth levers.
HSBC had earlier upgraded Indian equities to "Neutral" from "Underweight" and raised its 2026-end target for the BSE Sensex index to 84,000 levels.
Brokerages anticipate Titan to report healthy revenue and profit growth, driven by high double-digit ticket size growth and early double-digit buyer growth.
Ajit Mishra of Religare Broking explains that stock prices were seeing adjustments following a variation in behaviour during the closing auction session on the BSE and NSE on Monday.
Stocks to buy: Aakash Shah of Choice Equity Broking recommends buying Shipping Corporation, Titan and Apollo Hospitals for solid returns in the near term.