The private equity titan is close to appointing two banks to manage the formal process for the transaction, the people said, asking not to be named as the information is not public
Markets regulator Sebi on Wednesday imposed fines totalling Rs 8 lakh on eight individuals for violation of insider trading norms in the shares of Titan Company Ltd. The regulator slapped a fine of Rs 1 lakh each on Kuldeep Singh Yadav, Ganesh Kumar K, K Ramakrishna, P Tamilarasan, O Boopathi, Ketan Shantilal Savaliya, Rakesh Kishor Rathod and Soma Bhattacharya, according to eight separate orders. The transactions were carried out by the designated persons/employees of Titan between April 2018 and March 2019. The order came after Sebi received a letter from Titan Company Ltd (TCL) wherein the company intimated the market watchdog about contravention of PIT (Prohibition of Insider Trading) regulations and the company's code of conduct by some of its designated persons/employees. Thereafter, Sebi conducted an investigation into the shares of TCL and observed several non-compliances with PIT rules during the period April 2018 to March 2019. During their employment, they had transacte
The decision to stay with these stocks, analysts said, should be based purely on how each of these companies is performing fundamentally
Titan and Escorts look promising on the charts, while Star Health and Allied Insurance, Nazara Technologies and Rallis India need to conquer major hurdles for further gains, technical charts suggest.
Paytm and Nykaa have logged smart gains gains in trade so far on Monday post Q1 results, while SBI and BPCL declined notably. Going ahead these are the key levels to be watched on these stocks.
Excluding the sale of bullion, the company's revenue stood at Rs 8,649 crore, a growth of 199 per cent, compared to Rs 2,890 crore in Q1FY22
Stocks to Watch: With oil prices staging a dramatic reversal, related stocks, along with rate-sensitive sectors will be on the radar as RBI announces its monetary policy outcome Friday.
The company said jewellery division had a good start to FY23 with robust sales on the auspicious occasion of Akshaya Tritiya in May month after 2 years of Covid induced lockdowns in this period
Tata group firm Titan said the outlook for its jewellery division in FY23 and mid-term is "positive" with "excellent" growth opportunity helped by multi-pronged efforts within the wedding market
Among other Tata Group stocks, Tata Steel, Tata Power and Titan look weak on the charts, and are likely to see more downside.
Titan Company has slipped 7 per cent to Rs 1,925 in intra-day trade on Friday and has shed 29 per cent in the past three months.
Most brokerages are positive on the long term prospects of the stock
The plain jewellery category bore the brunt of gold volatility in March 2022 leading to a slight decline for the quarter
With customers moving to organised jewellery shops, the company was making huge investment to open 45-50 new stores across the country to add to the existing 385 stores present in 220 cities
Jewellery stocks are likely to shine in coming months on the back of likely strong Q3 performance owing to the festive demand
Markets regulator Sebi imposed a fine on an employee of Titan Company Ltd for violation of insider trading norms
Will new NPA rules be enough to assuage PSBs' concerns? What is Volvo India MD Kamal Bali's glide path to 'net-zero' target? Can jewellery stocks give 100% returns by next Dhanteras? All answers here
Markets regulator Sebi on Monday imposed monetary penalty on three employees of Titan Company Ltd for violating insider trading norms
Sameet Chavan of Angel Broking recommends shorting Titan and UBL as the counters look weak on the charts
Analysts have upgraded the company's earnings for FY22 and FY23, pencilling in broad-based sales recovery