TITAN ENGINEERING AND AUTOMATION
Faith by consumers & re-rating by street: 4 jewellery stocks with an upside potential of up to 27%
One thing which every government has tried to control, but has not been successful in taming, generation and absorption of black money in the whole bullion market supply chain which includes the jewellery industry. Right from a token tax on gold buying to track transactions to many other efforts the list is endless. While it might take time, the way the regulatory mechanism is evolving, over a period of time, there is a high probability that there would be more measures which would come into place which will lead to lesser use of cash in this industry. As that happens, two trends are likely to emerge, first there would be a shift toward branded jewellery chains. Second, the street would have faith on the balance sheet of other players besides the largest player which is a well known multibagger.
Handy in all times, moat of strong brand: 5 stocks, which are leader in their sectors that can offer up to 31% returns
If one looks at the history of the markets, there are companies which always trade a premium. Long time and still a number of such companies used to be MNC companies which used to get premium. But over the last 15 years, some of the Indian companies have been getting a premium on the street. The premium because they are the leader in their category in terms of market share and they have strong brands. It has been seen that when markets are high and these sets of companies where valuations are not cheap, even then analysts have not initiated a sell call, rather they have moved to hold. A strong brand helps a company's weather all storms of an economic slowdown or inflationary pressure and over a period of time it has been witnessed that companies with strong brands are able to pass on increased costs and maintain their margins to a large extent. Also they are to diversify into other products on the back of one strong brand.
Titan, Murugappa may make iPhone camera parts to keep China out
Apple explores partnerships with Murugappa Group & Titan Company for local assembly of camera module sub-components in India, aiming to shift operations from China and strengthen the Indian supplier ecosystem.
The worst part of a Wall Street career may be coming to an end
Generative artificial intelligence is reshaping the landscape of investment banking, particularly in roles traditionally held by junior analysts. AI technologies like those being tested at Goldman Sachs and other major banks are capable of performing tasks that previously took hours or even whole weekends for human analysts. This includes assembling PowerPoint presentations, crunching numbers in Excel spreadsheets, and refining language in financial documents. The widespread adoption of AI in banking could lead to significant changes in hiring practices, with the potential for fewer junior analyst positions and altered job responsibilities for those who remain.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Nuvama Wealth Manage, Arvind SmartSpaces, Onelife Capital, Jyoti CNC Automation and Rico Auto, hit their fresh 52-week highs during the day.
Titan Q3 Results: Net profit rises 9% YoY to Rs 1,040 crore, misses estimates
Titan reported a 9% YoY growth in standalone net profit at Rs 1,040 crore in Q3. Revenue from operations increased by 20% YoY to Rs 13,052 crore. EBIT for the quarter grew 11% YoY to Rs 1,478 crore. EBIT margins declined 116 basis points to 11.3%. Total income from the jewellery business rose 23% to Rs 11,709 crore.
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Stock market update: Stocks that hit 52-week highs on NSE
Vakrangee, Jyoti CNC Automation, Policy Bazaar, Mahamaya Steel and PNB Gilts, hit their fresh 52-week highs at 10:14AM.
Relying on MOAT of strong brands: 6 non-FMCG stocks from consumer space with upside potential of up to 31%
Normally FMCG sector is associated with the power of brands. However, there are many industries, where a strong brand plays an important role. There are enough examples of firms that have built strong brands & have been getting premium on Street. The reason, a strong brand helps a company weather storms of an economic slowdown or inflationary pressure. Also over long term the final cost of doing business is lower, margins are higher as the concept of reverse working capital comes into play when the brand is strong. Yes, there are phases where they underperform because sometimes their valuations do get stretched, but then over time earnings do tend to help in normalization of valuations.
Stock picks of the week: 5 stocks with consistent score improvement and upside scope of up to 44%
The bullish mode of the market, which was already in place on the street as the nifty touched new high, is likely to get a boost with the narrative that wind in the state election is an indication of what is in store for April 2024. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
ET Startup Awards 2023: search for startup glory begins & other top tech stories this week
ETSA this year comes at a time when the technology industry faces multiple headwinds. The volatility in valuations of publicly listed tech companies, which began in the US in late 2021, has continued to spill over into the private markets. Indian startups, too, have felt this turbulence, with several of them getting valuation markdowns as increasingly cautious investors hedge their bets.
Ahead of Market: 10 things that will decide D-Street action on Friday
A long bear candle was formed on the daily chart with a minor lower shadow. Technically, the pattern indicates that the market is now placed at the edge of a downside breakout of the support around 19250-19200 levels.
B2B platform Boxs raises $1.6 million in funding led by Peak XV's Surge
The seed funding round also included participation by Titan Capital and the founders of Zetwerk. The new funds will be used to strengthen Boxs’ product offering and expand its manufacturing capabilities, per a statement by the company.
Titan Q1 Results: Profit drops 2% YoY to Rs 777 crore; revenue rises 19%
Both figures were below the Street estimate. During the quarter, the company's margin reduced 239 bps to 9.9%. Buyer growth was 14% and the average ticket sizes moved up by 6% compared to that in Q1FY23
Indian pharma – time for a cyclical upturn in US generics?
Due to absent competition, such drugs become huge cash cows for innovator companies. Titans in this space include companies like Gilead Sciences, J&J, Roche, Merck, Amgen, Pfizer, AbbVie, Novartis, and AstraZeneca, to name a few.
5 companies from consumer space, having ‘strong buy’ and ‘buy’ ratings can offer up to 42% returns
A strong brand helps a company's weather storms of an economic slowdown or inflationary pressure. Each sector has its own matrix of advertisement costs which is the most important element for these companies.
Looking to navigate market volatility? Look at these 8 largecaps that can rise up to 30%
A private sector bank, which is making an attempt to come back in out performance mode once again to a real estate player focussed on western Indian markets. Select stocks have seen their scores getting improved in a market which was volatile. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.
ETtech Deals Digest: Another lacklustre week as VCs weigh options
This was the third week in a row where startups could not attract big-ticket investments as VCs continue to weigh their options amid tightening macroeconomic conditions and an overall inflationary environment. Automation startup WebEngage raised $20 million in the largest fundraise of the week.
View: Natarajan Chandrasekaran's tough job of making Tatas metaverse ready
The stock market momentum propelling market capitalisation of group firms by 192% since 2017 has helped cement ties but credit must be given where due even as the Tata Sons’ board reportedly passed a resolution last week that the same person can’t be chairman of Tata Sons and Tata Trusts.
Credgenics raises $25 million funding from Westbridge Capital, others
The funds will be used to expand into new demographics, strengthen the R&D, scale the core operations across India, improve client services, and streamline the workflow.
Titan Q2 takeaways: Sharp recovery in sales but still far below pre-Covid levels
Almost all of its stores are now open for business. Customer walk-ins have also started increasing. The improving demand scenario bodes well for the company’s future outlook.
Will Titan Company continue to be a darling of customers after MD Bhaskar Bhat retires this month?
It is no secret that Bhat has played a key role in making the company a titan on and off the bourses.
Share market update: 35 stocks hit 52-week highs in a weak market
GMM Pfaudler, Havells India, HIL, Honeywell Automation India featured among stocks that touched 52-week highs on NSE.
Meet Sauvik Banerjjee, the man who is fueling Tata CLiQ’s innovation engine
TataCLiQ is Tata Group’s e-commerce market place which is brand focused and champions the omni channel propositions with a true ‘Ship from Store’ model.
What I read this week: A digital payment infra for India and if China is nearing a debt crisis
China has relied on mindless monetary stimulus since 2008 to muscle its way to continued output production. China’s GDP growth has, thus, slowed dramatically.
Engineering campus hiring may fall first time since 2009: Nasscom
India churns out nearly 16 lakh engineers every year, of which nearly 2 lakh are absorbed by the IT industry - the largest recruiter at the campus.
Twenty stocks in focus in Monday morning trade
The Indian market is expected to open higher. Here is a list of top twenty stocks that are likely to be in focus today.
Titan Q4 net up 4.19% at Rs 215.09 crore
Tata Group firm Titan Company Ltd today reported 4.19 per cent increase in net profit at Rs 215.09 crore for the fourth quarter ended March 31, 2015.
Best companies to work for 2014: List from 11 to 100
'India's Best Companies to Work For' is a study conducted by The Economic Times and Great Place to Work Institute, based on a methodology that has been validated the world over.
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