Meanwhile, on the MCX, gold futures prices witnessed a sharp recovery from their day’s lows. The yellow metal revived from a low of Rs 1.38 lakh per 10 grams to trade around Rs 1.49 lakh per 10 grams.
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.
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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).
Axis Securities said that Vedanta is in a strong uptrend across all time frames, forming a series of higher tops and bottoms and it also registered an all-time high , which confirms bullish sentiments.
Axis Securities said that The price action of Titan has confirmed a 'falling channel' breakout at Rs 3,750, accompanied by robust volumes, signaling strong bullish participation.
The brokerage has set a target price of Rs 4,107 for the stock, implying a further upside of approximately 9.7 per cent from its current levels.
UBS described Titan as an “impressive player in the jewellery industry” backed by strong brands, consumer trust, and scale advantages.





