Mumbai: Titan shares rose 3.1% on Monday to emerge as the top gainer on the Nifty after the jewellery-to-watches maker reported June-quarter earnings that beat analyst estimates, prompting several brokerages to raise their price targets on the stock.
Brokerages largely remained bullish on Titan’s prospects following the results, with Citi, CLSA, HSBC, Morgan Stanley, Nomura, UBS and Goldman Sachs among those raising their target prices.
According to Bloomberg data compiled by ET, Titan has 30 ‘buy’ ratings, five ‘hold’ calls and two ‘sell’ recommendations. The consensus 12-month target price stands at ₹5,387.08, implying an upside of approximately 5.7% from Monday’s closing price of ₹5,098.20.
The Employees’ Provident Fund Organisation (EPFO) has shared a simple yet effective step-by-step guide to help beneficiaries of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM VBRY) enable Direct Benefit Transfer (DBT) to receive incentives. This process ensures that the eligible beneficiary of PM VBRY can successfully link their Aadhaar to bank accounts and have…
Mumbai: Indian stocks and the rupee tumbled on Wednesday as the US launched fresh strikes on Iran, with President Donald Trump declaring that the Gulf war ceasefire was over, sending oil prices surging and triggering a broad market sell-off. India’s Volatility Index, the street’s fear measure, soared 26% on Wednesday, the highest single-day jump since…
Shares of Neuland Laboratories rose over 6% to Rs 21,200 on the BSE on Thursday after the company reported a sharp jump in its June quarter earnings. Its profit after tax surged 975% year-on-year to Rs 147.4 crore in Q1 FY27, compared with Rs 13.7 crore a year ago. The company released its Q1 results…
Pharma player Divi’s Laboratories on Saturday reported a consolidated net profit of Rs 902 crore for the April-June quarter of FY26, marking a 65.5% year-on-year rise from the Rs 545 crore reported in the corresponding quarter of the previous financial year. The firm’s revenue from operations meanwhile rose around 28% YoY to Rs 3,080 crore…
Employees who lose their jobs will no longer be able to withdraw their entire Employees’ Provident Fund (EPF) balance after two months of unemployment. Under the newly notified Employees’ Provident Funds Scheme, 2026, members can withdraw up to 75% of their EPF balance after becoming unemployed, while the remaining 25% will be available only after…
Oil prices climbed 2% on Thursday to their highest level in over six weeks as the United States launched another round of strikes on Iran and Yemen’s Houthis targeted oil tankers in the Red Sea. Crude oil price on July 23 Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level…
ET Bureau
