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rakesh jhunjhunwala: This Jhunjhunwala favourite shows promise in Q3. Will it remain a jewel in his crown?


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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. ....

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Stocks to watch: ITC, Magma Fincorp, Titan, National Fertilizers, BPCL, IGL


Here are the top stocks that are likely to hog the limelight today:
Magma Fincorp: Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in the non-banking financial company by subscribing to a Rs 3,456-crore preferential issue.
Q3 earnings: ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, MRF and NCC are among 442 companies slated to post their December quarter numbers today.
Eicher Motors: Niche bike maker Royal Enfield may look at hiking prices from April in view of rising commodity prices, a top company official said on Wednesday.
BPCL: Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) will buyout Oman Oil Company s shares in the Bina refinery project for about Rs 2,400 crore. ....

Aurobindo Pharma , Adar Rising Sun Holdings , Amazon Web Services , Godrej Properties , Ujjivan Financial Services , Power Grid Corporation , Trustee Services , National Fertilizers , Ashok Leyland , Oman Oil Company , Ruchi Soya Industries , Bharat Petroleum Corporation Ltd , Eveready Industries India , Eicher Motors , Tata Consultancy Services , Singapore Exchange , Adar Poonawalla Controlled Rising Sun Holdings , Coal India , Royal Enfield , Financial Services , Mindspace Business Parks , Indraprastha Gas , Itc Share Price , Magma Fincorp Share Price , Titan Share Price , National Fertilizers Share Price ,

Analysts bullish on this Jhunjhunwala favourite post Q3 numbers; here's why


Brokerages retained their bullish views on jewellery maker Titan Company post its December quarter results and revised their earnings estimates upwards in anticipation of a strong growth going ahead.
The company, in which ace investor Rakesh Jhunjhunwala holds 5.32 per cent stake as of December quarter, on Wednesday posted an 11.81 per cent year-on-year (YoY) increase in consolidated net profit to Rs 530 crore for the third quarter ended in December 2020, led by income growth in the jewellery division.
Shares of the firm were, however, trading over 3 per cent down at Rs 1,513.50 on the BSE at 12.20 am as investors were concerned about the pressure on margins and weak performance in the watches and eyewear segments. ....

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