Sakshi Batra does a 3 point analysis of the expectations of growth in Q4 for Titan, and whether it is the right time to invest in the stock.
Godrej Properties, Housing Development Finance Corporation (HDFC), Kajaria Ceramics, Seamec and SRF hit 52-week high on NSE.
CaratLane is in the business of manufacturing and sale of precious and semi-precious jewellery through its e-commerce business and also through retail showrooms.
"Typically Akshaya Tritiya is a boom season, a lot of gold is purchased during this period but with the elections coming, we are not sure what sort of impact that is going to have on the sales," he said.
A strong bear trap breakout in an up trend in Titan.
Titan has been in a strong up move. It can resume the journey if it successfully tests a falling trendline and move higher.
The government has called for a meeting later this month to discuss the mandatory hallmarking of gold jewellery
Dolat Capital is bullish on Titan has recommended buy rating on the stock with a target price of Rs 1139 in its research report dated February 01, 2019.
At 47 times its FY20 estimated earnings, the stock already trades at demanding valuations.
Textile minister Smriti Irani said the initiative aims at exploring the synergy between culture and textiles and the initiative will be extended to rest of the country.
On Friday (January 4, 2019), the company said that it continued the good growth momentum across all its businesses in the seasonally strong third quarter.
The flagship store of the brand is spread across 7,500 sq ft and showcases a curated range of handcrafted sarees from across the country.
The company’s revenue grew 26 percent at Rs 4,406.8 crore against Rs 3,487.6 crore year on year.
Despite its heady valuation, the stock provides investors a series of tailwinds to cash in on and has all that it takes to re-rate further.
The company launched its first Taneira store in Bengaluru in February 2017 and plans to expand its reach to other cities such as Mumbai, Delhi, Hyderabad, and Chennai.
Notwithstanding a few temporary blips, we remain bullish on Titan’s ability to maintain its premium valuation
Recent disruptions in the gems and jewellery sector have catapulted the company to an enviable position among organised players.
Net Sales are expected to increase by 15.2 percent Y-o-Y (down 7.6 percent Q-o-Q) to Rs. 3,949.7 crore, according to ICICI Direct.
Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance, Motilal Oswal, Biocon, Titan Company an Motherson Sumi Systems.
The transition of India’s jewellery industry from unorganised units to tax-compliant entities will work considerably in favour of Titan, one of the largest organised branded players in the country.
Ashwani Gujral of ashwanigujral.com Tata Global, NIIT Tech, Sobha, Coffee Day, Titan; exit Idea Cellular
The house is neutral on ITC stock but is very positive on long-term fundamentals of the company. The downside for the stock after the recent correction is very limited, said Amit Sinha of Macquarie Capital Securities.
Brokerages largely remain positive on the stock based on better sentiment for their lifestyle products and the shift to organised sector.
After the launch of GST, the next big trigger which will be tracked by market participants will be June quarter results from India Inc. which most experts think could be muted especially for FMCG and auto stocks amid implementation of GST.
Titan, Page Industries, among others are being tracked by analysts on Monday.