A strong double-digit same-store sale growth continued for Kalyan Jewellers, but Titan's domestic like-for-like growth was in low double digits, MOFSL said.
Jhunjhunwala's stake in Titan was worth Rs 15,989 crore on Monday. The stock fell 5.52 per cent to hit a low of Rs 3,464.40 today, with Titan commanding an m-cap of Rs 3,07,618 crore.
Axis Securities noted that the Tata group stock has staged a decisive breakout on the weekly chart above the falling channel pattern that had persisted since late September 2024.
The BSE Sensex was trading 810.01 points, or 0.98 per cent, lower at 81,705.13. Nifty was quoting at 24,884.90, down 256.50 points or 1.02 per cent.
Marquee Dalal Street investor Rekha Rakesh Jhunjhunwala saw value of her two Tata Group stocks swell over Rs 892 crore on Friday, despite the sharp selloff at Dalal Street.
L&T, Asian Paints, Titan Company, Bharat Forge, Canara Bank, Britannia Industries, Kalyan Jewellers, Escorts, ZEEL and DB Corp are among companies that are scheduled to report their March quarter results today.
BNP Paribas said commentaries from Marico, Dabur India and GCPL indicate that demand has been resilient while urban slowdown, led by weakness in general trade, persisted in Q4FY25.
Select jewellery firms- Titan Company, Kalyan Jewellers and PN Gadgil Jewellers shared their quarterly business updates and brokerage firms continue to remain positive on them.
The most-valued stock RIL was trading 4.13 per cent lower at Rs 1,155. It hit a one-year low of Rs 1,115.55 earlier in the day. TCS hit its 52-week low of Rs 3,060.25. Infosys dropped to its 52-week low of Rs 1,307.10
Titan share price today: Market cap of the firm climbed to Rs 2.75 lakh crore. It closed 3.73% higher at Rs 3097.80.
Shares of Titan Company dropped another 2 per cent to hit 52-week low on Tuesday as the Tata Group stock officially entered the bear grip.