Kalyan Shares vs Titan Shares: Which to Invest In? Two titans (pun intended) have emerged as dominant players in the glittering world of jewellery: The
Godrej Consumer Products, Lupin, Indian Bank, Marico, Grindwell Norton, Happiest Minds, Route Mobila, Fusion Micro Finance, GHCL and more will announce their quarterly earnings later today.
The Tata group company Titan’s margin fell short of expectations and analysts believe it is expected to remain under pressure in the near future amid competition.
Titan Share Price: Titan s shares plummeted by nearly 7% as it reported a 7% YoY increase in standalone net profit at Rs 786 crore. Despite a 17% YoY growth in net sales to Rs 10,047 crore and a dividend recommendation of Rs 11 per share for FY24, EBIT margins dipped.
Titan's m-cap fell below Rs 3 lakh mark to Rs 2,98,815 crore on Monday morning from Rs 3,13,868 crore on Friday, dragging Jhunjhunwala's notional investment value to Rs 15,986 crore, down Rs 805 crore.