Nicomac Machinery Private Ltd and RP Advisory Services Private Ltd, the two entities linked to the former promoter of Gland Pharma, were looking to unload a 4.4 percent stake in the drug manufacturer
Analysts at CLSA also have a positive outlook on Titan. They anticipate a robust standalone revenue growth of 17 percent year-on-year, surpassing consensus estimates of 11.2 percent.
Marico expects its Q4 consolidated revenue to trend upwards, albeit delivering a low single-digit growth and jump back into the positive territory after three quarters.