India-US trade deal: Titan Company, Kalyan Jewellers, PC Jewellers, Tribhovandas Bhimji Zaveri, Thangamayil Jewellery, Rajesh Exports and Senco Gold shares gained up to 10% today.
Kalyan Jewellers India shares slipped as much as 1.7 per cent on the BSE, touching the day’s low of Rs 355.15 in early trade. Meanwhile, the Tata Group-backed Titan Company stock was down 0.99 per cent to Rs 3,937.95.
As investors and traders await the Union Budget on Sunday, Choice Broking has suggested three-stocks to buy to play the budget theme based on their technical charts.
In the run-up to the important economic event, the Indian stock market is ready for a volatile ride on the back of persistent FIIs flows, Trump tariff concerns and geopolitical uncertainty.
Titan Shares Hit Record High, Swelling Rekha Jhunjhunwala’s Holding To Rs 20K Crore
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Nifty closed 38 points lower at 26,140. Sensex too fell 102 points to end at 84,961.
Titan shares touched record highs, rising over 4%, as strong Q3 business updates reinforced positive market sentiment. The company reported nearly 40% year-on-year growth in its consumer businesses, led by a stellar jewellery performance with revenues up 41%. Higher gold prices boosted average selling prices, while gold coin sales nearly doubled and studded jewellery posted healthy mid-20% growth. Domestic growth stood at 38%, while international operations surged 79%. Titan added 56 net new stores during the quarter, taking its total footprint to 3,433. Watches grew 13%, supported by premium analogue demand, while EyeCare posted steady 16% growth. While jewellery remains the key earnings driver, analysts caution that much of the optimism is already reflected in the stock’s sharp rally.
Nomura said it sees Titan as a key beneficiary of the rising affluent and elite income population in India, with sales growth at 1.5-2 times GDP over the medium term.
JM Financial said overall standalone revenue for the Tata group firm is expected to grow 38 per cent YoY led by 40 per cent YoY growth in jewellery business (ex-bullion).
Stocks including Reliance Industries, Titan, ONGC, YES Bank, IEX, Meesho, Lodha Developers, IRB Infra, Steel Companies and more will be in the spotlight on Wednesday, January 07.





