TITAN ENGINEERING AND AUTOMATION
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 23%
A simple question which probably has the most complex answer. Till date which set of stocks have delivered best returns in 2024. Last year the narrative was about mid and small caps having outperformed the large caps. In the first half of 2024, there is no such narrative and no clear answer. There is historical evidence that when this happens in the next six to nine months, it is large caps which tend to perform well. This happens due to high valuation differential in mid and large caps is bound to reduce as mean reversion takes place. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 24%
It is clear both indices, nifty, sensex and market breadth are under the control of bulls. As indices form new highs, probably we are going to see a phase, where the momentum itself becomes fuel to fresh money coming to the markets. The profit booking which may take place is likely to make index moving in sideways range. One or the other sector which forms part of the indices will keep coming and witnessing up move or down move on a rotational basis. One day IT stocks will handle the decline, other day it would be banks and the balance is maintained. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
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.
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.
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.
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
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.
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