In auto sector, the preferred space
from a one-year perspective would be the farm sector or the tractor segment. But if one wants to play the longer term cycle recovery, then CVs would fit in well, says
MOFSL.
Titan? What kind of management commentary are you anticipating?
A lot of activity has taken place in Titan during January-February with a lot of marriages happening. Overall, we are expecting good sales growth based on demand momentum and the soft base of the previous year. Further correction in gold prices during the quarter also helped push sales during the quarter. Jewellery demand momentum continued in Q4 based on the wedding season demand.
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NEW DELHI: Titan Company s financial results for the December quarter drew mostly positive reactions from analysts, with some of them raising their EPS estimates on a better-than-expected recovery in sales.
The stock one of ace investor Rakesh Jhunjhunwala s favourites forms a major chunk of the Big Bull s wealth, even though lately he has trimmed his stake in the jewellery maker.
Titan said on Wednesday that its profit for the quarter stood at Rs 419 crore, dented by a one-time loss of Rs 137 crore. While its jewellery business grew 16 per cent on a year-on-year basis, its watches and wearables and eyewear divisions also did well, with the recovery rate for the quarter being 88 per cent and 93 per cent respectively, the company said.
Titan Q3 Profit Falls 11% To Rs 419 Crore Due To Impairment Provision moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.