Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.
Premium brands in watches continued their strong performance with brand Titan and brands in Helios stores registering double-digit growth that were higher than the overall segment
The firm currently sees 26 per cent of its revenue come from diamond-studded jewellery
Given strong execution, analysts at Emkay Global Financial Services, too, remain confident of the high-teens earnings trajectory for Titan in the medium term
The stock was trading at its lowest level since August 23, 2022 and has slipped 8% in the last eight trading days
In the past three months, the stock declined 9 per cent, as against 4 per cent rise in the S&P BSE Sensex.
Company has the advantage of Titan's network but it needs to scale up its online presence
The board of directors of Titan is scheduled to meet on Friday, November 4, 2022 to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2022
So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.
Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward