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.
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
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.
The growth momentum witnessed in the first quarter of the current fiscal has continued in July, Titan Managing Director Ajoy Chawla said, adding that the company is on course to deliver the improvement targets after a strong start this fiscal year. "The growth we have seen in the first quarter, and we are also seeing that July is not bad. I am seeing a certain positivity so far in the last four months," Chawla said, addressing analysts after the company's June quarter earnings. While acknowledging that near-term performance would depend on external factors, he said Titan remains on track to achieve the growth trajectory outlined earlier and could even do better this year. "We think we are on trajectory for delivering the kind of growth that we had promised on the Investor Day, and we hope that we can, in fact, better it in the current year because we have started very well," he said. On the jewellery business, which contributes around 90 per cent of Titan's topline, Chawla reiterat
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
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.
SBI, Titan Company, Hindalco, Power Finance, Oil India and Cupid among firms slated to post their June quarter results.
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.
Stocks to buy: Aakash Shah of Choice Equity Broking recommends buying Shipping Corporation, Titan and Apollo Hospitals for solid returns in the near term.
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
Stocks to watch today: Power Grid, Sterlite Technologies, ZEN Technologies, TVS Motor Company, Varun Beverages, Torrent Pharma, Cochin Shipyard, Titan, Trent, among others, will be in focus today
Gold prices are expected to remain "elevated and volatile" due to geopolitical tensions, Titan said, but expressed optimism about the long-term growth prospects of the jewellery market on favourable demographics and its safe-haven appeal. Despite these challenges, the "outlook in India remains positive" due to favourable demographics and the continued relevance of jewellery as a store of value; however, "short-term demand fluctuations may persist", Titan said in its annual report. "Gold prices are expected to remain elevated and volatile, given ongoing geopolitical developments and global conflicts leading to macroeconomic uncertainties," said Titan, a JV between Tata and the Tamil Nadu government. The Tata group-managed firm also said these macroeconomic uncertainties arising from geopolitical developments could lead to shifts in demand patterns across customer segments. "In this environment, there could be shifts in demand segments and the Division will continue to prioritise mar
Domestic Institutional Investors have increased stake in 34 Nifty 500 stocks such as - Adani Power, Paytm and Eternal among others - quarter-after-quarter after March 2024, shows shareholding data.
But Markose is also revving up in the premium and luxury segment now
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
Motilal Oswal believes Titan is well-equipped to manage the situation through superior gold sourcing capabilities and a strong balance sheet.
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