Experts see gold prices touching Rs 53,000-55000 per 10 gram by next Akshay Tritiya.
Data available on BSE showed that Jhunjhunwala and his wife together held 4,90,50,970, or 5.53 percent, shares of Titan at the end of March quarter.
CEO (watches and wearables business) of Titan Company Limited S Ravi Kant said the CEO and founder of HUG Innovation Raj Neravati, along with 23 others in his team, had joined the Titan Company from January 1, 2020.
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The industry's only hope is in falling prices, which had scaled a record of Rs 4,000 a gram last month, to get better footfalls.
A regulatory filing shows Rakesh Jhunjhunwala and his wife together held 5,77,51,220 shares at the end of September, 7.82 percent lower than 6,26,51,220 shares they held at the end of June.
In the last 10 years, Titan has outperformed Sensex seven times, clocking a cumulative gain of 1,994 percent against 134 percent jump in Sensex.
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Consumption (both staples and discretionary) slowdown across the board is likely to result in lower-than-anticipated revenue growth.
The company witnessed its biggest single-day fall in 11 years after its stocks plummeted as much as 14 percent intraday on July 9.
Some analysts expect a further surge in gold prices on expectations of aggressive rate cuts by the US Fed, while others see a slump in the near future on expectations that the forthcoming G-20 Summit, June 28-29, which will provide some respite in regard to the US-Iran and US-China relations.
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.
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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.