Titan Company experienced a 15% profit decline in Q2. The company attributes this to losses from a customs duty drop on gold. Despite this, Titan saw strong sales growth in its jewellery and watches segments. The company remains optimistic about the future, particularly the upcoming festive season. Titan is also closely watching the lab-grown diamond market and formulating its strategy.
Posts in category All News
CRISIL reaffirms Bank of Maharashtra’s ‘A1+’ rating owing to improved asset quality, profitability (06-11-2024)
Bank of Maharashtra (BoM) stated that CRISIL Ratings has reaffirmed its ‘CRISIL A1+’ rating on the certificate of deposits of the bank.
Piccadily Agro Industries Ltd (06-11-2024)
In New York’s top Indian restaurant, now Indri is selling more than Macallan (which is the no. 2 single malt brand by sales in the US). And Indian spirits are becoming the new craze…
What Is the Best Indian Single Malt Whisky? These New Bottles Make the Case – Bloomberg
Fiberweb (India) hits the roof after Q2 PAT soars 179% YoY (06-11-2024)
Fiberweb (India) hit an upper limit of 10% at Rs 51.54 after the company announced strong Q2 September 2024 results.
Chola Inv Finance shares 0.96% as Nifty (06-11-2024)
A total of 15,839 shares changed hands on the counter till time (IST).
Hindustan Zinc – Galvanize Capital of Investors? (06-11-2024)
Between GOI & Promoters, game thus far has been played well, throwing out dividends and jacking up stock price only to announce the OFS at attractive discount.
Barring those who have bought the stock at much lower rates, new entrants in the last 6 months will find cheated by both promoters & GOI to have lured them with dizzying rally.
Though long term still looks good for the stock, the volatility in the stock price is strangely non-correlated to its underlying metal prices.
Sebi gives nod to Rubicon Research, Sai Life Sciences, others to float IPOs (06-11-2024)
Four companies, including pharmaceutical formulation firm Rubicon Research and TPG Capital-backed Sai Life Sciences, have received Sebi’s go-ahead to raise at least Rs 3,000 crore collectively through Initial Public Offerings (IPOs), an update with the markets regulator showed on Wednesday.
The other two firms that obtained the regulator’s clearance are yarn manufacturer Sanathan Textiles and auto components maker Metalman Auto.
Meanwhile, BMW Ventures, which filed its preliminary IPO papers in September, withdrew the documents on October 28.
The four companies — Rubicon Research, Sai Life Sciences, Sanathan Textiles and Metalman Auto — which filed their draft IPO papers with Sebi during July and August, obtained the regulator’s observations on October 31, the update showed.
In Sebi’s parlance, obtaining observations means its go-ahead to float public issues.
The Rs 1,085-crore IPO of Rubicon Research is a combination of a fresh issue of equity shares worth Rs 500 crore and an O
Upcoming IPO: Sebi clears deck for Sanathan Textiles Rs 800-cr public offer (06-11-2024)
The company received final approval from the Securities and Exchange Board of India (Sebi) after re-filing its IPO documents on August 20, 2024