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Retail footprint expansion encourages growth * In FY23, TTAN posted a strong performance across all business segments, driven by investments in supply chain, digital data, omni-channel capabilities, retail networks, and select international markets. The company reported overall revenue/profit growth of 40.9%/40.2% YoY to INR405.8b/INR32.7b. Over FY18-23, TTAN clocked impressive sales/PAT CAGRs of 20.3%/23.9%. Here are the key takeaways from the company’s FY23 annual report: * Jewe...
Buy Titan Company Ltd For Target Rs.3,570 - Motilal Oswal Financial Services
In FY23, TTAN posted a strong performance across all business segments, driven by investments in supply chain, digital data, omni-channel capabilities, retail networks, and select international markets. The company reported overall revenue/profit growth of 40.9%/40.2% YoY to INR405.8b/INR32.7b. Over FY18-23, TTAN clocked impressive sales/PAT CAGRs of 20.3%/23.9%. Here are the key takeaways from the company’s FY23 annual report: * Jewelry: TTAN holds a ~7% market share in the Indian j...
Buy Titan Company Ltd For Target Rs. 3,085 - JM Financial Services
Caratlane Stake: Value-accretive but near-term EPS dilutive Titan has acquired the balance shareholding in its unlisted subsidiary Caratlane from the latter’s founder Mithun Sacheti and family, and would be paying INR46.2bn for the 27.18% stake. This pegs Caratlane’s valuation at INR170bn (c.$2bn) – lower than our target valuation of c.INR245bn for Caratlane but then, the latter also implicitly included some premium for the ‘Tata/Titan’ co-branding as well &nd...
Buy Titan Company Ltd For Target Rs. 3,085 - JM Financial Services
As per exchange filing Titan said, the company acquired further 27.18% stake in Caratlane for Rs46.21bn (consolidating to 98.3%) and the deal would be funded by internal accruals and partly by debt assigning EV of Rs170bn (8x price/sales on FY23). We note, Caratlane, started in 2008, which derives ~75% sales from light weight studded jewelry today has reported revenue CAGR of 73.5% in last 2 years reaching at Rs21.0bn in FY23 with improved EBIT margin of 7.6%. Management guided, that journey ...
Buy Titan Company Ltd For Target Rs. 3,530 - Centrum Broking Ltd
Titan Company is currently trading at Rs. 3057.15, up by 8.00 points or 0.26% from its previous closing of Rs. 3049.15 on the BSE. The scrip opened at Rs. 3050.00 and has touched a high and low of Rs. 3079.00 and Rs. 3049.95 respectively. So far 8317 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3211.10 on 07-Jul-2023 and a 52 week low of Rs. 2268.90 on 02-Feb-2023. Last one week high and low of the scrip stoo...
Titan Company gains on inking SPA to acquire additional stake in CaratLane
* Titan Company (TTAN)’s 1QFY24 revenue grew 26% YoY, ahead of our expectation, with double-digit growth across all segments. However, due to lower-than-expected margins, EBITDA and adj. PAT missed our estimates. Margins were adversely affected by seasonality, volatility in gold prices and a one-time diamond price inventory gain in 1QFY23. * Four-/Five-year Jewelry EBIT CAGR was robust at ~24%/22% in 1QFY24. Management indicated that Jewelry margin guidance of 12-13% in FY24 remains ...
Buy Titan Company Ltd For Target Rs. 3,325 - Motilal Oswal Financial Services Ltd
* Titan Company (TTAN)’s 1QFY24 revenue grew 26% YoY, ahead of our expectation, with double-digit growth across all segments. However, due to lower-than-expected margins, EBITDA and adj. PAT missed our estimates. Margins were adversely affected by seasonality, volatility in gold prices and a one-time diamond price inventory gain in 1QFY23. * Four-/Five-year Jewelry EBIT CAGR was robust at ~24%/22% in 1QFY24. Management indicated that Jewelry margin guidance of 12-13% in FY24 remains ...
Buy Titan Company Ltd For Target Rs. 3,325 - Motilal Oswal Financial Services Ltd
Strong revenue growth: Titan’s Q4FY23 topline performance was better than our estimates wherein its revenue came in at Rs 10,360 Cr up by 32.9% YoY driven by healthy consumer demand during the wedding season. Amongst segments, its Jewelry segment which accounts for ~88% of the total revenue grew by 41.3% YoY to Rs 9,120 Cr. Its watches & wearables grew by 41.3% YoY to Rs 883 Cr owing to strong demand for analog watches segment, while its Eye-care grew by 23.1% to Rs 165 Cr led by ex...
Buy Titan Company Ltd For Target Rs. 3,147- Religare Broking Ltd
Ethos is currently trading at Rs. 1227.95, up by 10.90 points or 0.90% from its previous closing of Rs. 1217.05 on the BSE. The scrip opened at Rs. 1230.45 and has touched a high and low of Rs. 1240.15 and Rs. 1226.95 respectively. So far 500 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1474.95 on 12-May-2023 and a 52 week low of Rs. 711.60 on 06-Jun-2022. Last one week high and low of the scrip stood at Rs....
Ethos moves up on launching first Boutique in Raipur
About the stock: Titan has transformed itself from a watch maker to an enviable lifestyle company, with jewellery being the leading vertical (85% of revenues). Robust distribution network comprises 2500+ stores spread across 3.2+ mn sq ft. * Titan has consistently displayed its ability to gain market share amid a tough industry scenario owing to its robust balance sheet (30%+ RoCE and cash & investments worth | 3500+ crore) and strong brand patronage Q4FY23 results: Titan’s re...
Buy Titan Company Ltd For Target Rs. 3240 - ICICI Direct
Q4 EBITDA came 9% below estimates, led by lag in price revisions by brands, resulting in lower gross margins. However, Ethos expects margins to recover completely, once the ongoing price revisions get completed. Q4 revenue grew strongly by 31%, of which 27% was contributed by SSG and the remaining came from addition of new stores. Ethos expects strong momentum to continue in FY24, with best-in-class outlook of 25-30% topline growth (upon 37% growth in FY23) and operating leverage-driven margi...
Buy Ethos Limited For Target Price Rs 1,540 - Emkay Global Financial Services Ltd
Strong revenue growth: Titan’s Q4FY23 topline performance was better than our estimates wherein its revenue came in at Rs 10,360 Cr up by 32.9% YoY driven by healthy consumer demand during the wedding season. Amongst segments, its Jewelry segment which accounts for ~88% of the total revenue grew by 41.3% YoY to Rs 9,120 Cr. Its watches & wearables grew by 41.3% YoY to Rs 883 Cr owing to strong demand for analog watches segment, while its Eye-care grew by 23.1% to Rs 165 Cr led by ex...
Buy Titan Company Ltd For Target Rs. 3147 - Religare Broking
* Titan Company (TTAN)’s 4QFY23 revenue was ~19% ahead of our expectation; however, due to lower-than-expected margin, EBITDA and adj. PAT came in line with estimates. Margins were adversely affected by the impact from some actuarial calculations and one-time clean-up of old inventory in the eyewear business (majorly old lenses). * Three/four year Jewelry sales CAGR was robust at ~33%/22% in 4QFY23. The management indicated that demand was adversely impacted in the later part of Marc...
Buy Titan Company Ltd For Target Rs. 3,080 - Motilal Oswal Financial Services Ltd
Titan Company is currently trading at Rs. 2676.70, up by 22.35 points or 0.84% from its previous closing of Rs. 2654.35 on the BSE. The scrip opened at Rs. 2675.10 and has touched a high and low of Rs. 2693.00 and Rs. 2656.60 respectively. So far 46113 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2790.00 on 31-Oct-2022 and a 52 week low of Rs. 1827.15 on 01-Jul-2022. Last one week high and low of the scrip st...
Titan Company trades higher on reporting 40% rise in Q4 consolidated net profit
Indian jewellery and watch maker Titan Co Ltd reported an almost 50% jump in fourth-quarter profit on Wednesday as demand for its watches and wearables rose alongside jewellery. The Tata Group company's profit rose to 7.34 billion rupees ($90 million) in the three months ended March 31, from 4.91 billion rupees a year earlier. The sale of products jumped about 27% to 85.53 billion rupees after jewellery brand Tanishq, which accounts for more than three-fourths of the revenue, report...
India`s Tata Group-owned Titan posts 50% jump in Q4 profit
Titan Company is currently trading at Rs. 2585.50, up by 7.00 points or 0.27% from its previous closing of Rs. 2578.50 on the BSE. The scrip opened at Rs. 2578.50 and has touched a high and low of Rs. 2596.00 and Rs. 2574.00 respectively. So far 5752 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2790.00 on 31-Oct-2022 and a 52 week low of Rs. 1827.15 on 01-Jul-2022. Last one week high and low of the scrip stoo...
Titan Company gains as its flagship brand launches Chola-dynasty-inspired collectible coins
Ethos is currently trading at Rs. 1231.70, up by 41.15 points or 3.46% from its previous closing of Rs. 1190.55 on the BSE. The scrip opened at Rs. 1204.80 and has touched a high and low of Rs. 1290.90 and Rs. 1173.15 respectively. So far 18410 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,290.90 on 20-Apr-2023 and a 52 week low of Rs. 711.60 on 06-Jun-2022. Last one week high and low of the scrip stood at ...
Ethos shines on partnering to launch Swiss watch brand Laurent Ferrier in India
Ethos is currently trading at Rs. 979.20, up by 15.10 points or 1.57% from its previous closing of Rs. 964.10 on the BSE. The scrip opened at Rs. 970.05 and has touched a high and low of Rs. 997.35 and Rs. 918.00 respectively. So far 4791 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1145.35 on 16-Aug-2022 and a 52 week low of Rs. 711.60 on 06-Jun-2022. Last one week high and low of the scrip stood at Rs. 997...
Ethos surges on launching first multi-brand boutique in Bhopal
Titan Company Ltd * TITAN has been trading in a declining trend line channel, after retesting the record high in November 2022. * Inching gradually lower and trading well below the support zone of major moving averages. * The chart pattern indicates the prevailing trend to continue. * We thus suggest creating fresh short positions through the Put option Buy Titan Company Ltd @ BUY 2300PE CMP 28.85; Range 24-26; SL12; T...
Buy Titan Company Ltd For Target Rs. 48 - Religare Broking
Titan Company is currently trading at Rs. 2402.40, up by 2.75 points or 0.11% from its previous closing of Rs. 2399.65 on the BSE. The scrip opened at Rs. 2392.10 and has touched a high and low of Rs. 2411.20 and Rs. 2374.00 respectively. So far 28529 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2790.00 on 31-Oct-2022 and a 52 week low of Rs. 1827.15 on 01-Jul-2022. Last one week high and low of the scrip sto...
Titan gains on eyeing more than double revenue for Zoya brand
Indian smartwatch brands Noise and Fire Boltt showed excellent growth in the domestic market in 2022 and surpassed 5 per cent of the global market share each to rank fourth and fifth, respectively, a report showed on Wednesday. Noise (5.6 per cent market share) and Fire Boltt (5.5 per cent) showed remarkable growth in the global market. Although the Indian market's growth slowed in Q4 and failed to beat Huawei (6.7 per cent market share), it is attracting discussions on whether it w...
Noise, Fire Boltt surpass 5% of global smartwatch market share each, enter top 5
Ethos is currently trading at Rs. 1016.35, up by 5.95 points or 0.59% from its previous closing of Rs. 1010.40 on the BSE. The scrip opened at Rs. 1023.95 and has touched a high and low of Rs. 1027.75 and Rs. 1014.35 respectively. So far 143 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1145.35 on 16-Aug-2022 and a 52 week low of Rs. 711.60 on 06-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
Ethos rises on launching multi-brand boutique in Siliguri
TITAN Company Ltd * We’re seeing selective participation among the financial counters in the recent rebound and HDFC is also contributing to the move. * It has been trading in a broadening formation and currently trading around the middle of the same. * The recent base formation around the support term moving average i.e. 20 EMA is offering a fresh buying opportunity. * We thus recommend creating fresh longs in the mentioned range. Technical Chart : Daily ...
Stock of the day : Buy TITAN Company Ltd For Target Rs. 2585 - Religare Broking
Titan Company is currently trading at Rs. 2411.25, up by 106.30 points or 4.61% from its previous closing of Rs. 2304.95 on the BSE. The scrip opened at Rs. 2315.05 and has touched a high and low of Rs. 2424.50 and Rs. 2315.05 respectively. So far 34288 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2790.00 on 31-Oct-2022 and a 52 week low of Rs. 1827.15 on 01-Jul-2022. Last one week high and low of the sc...
Titan Company gains despite reporting 10% fall in Q3 consolidated net profit
Leading watchmaker Timex Group attended Samaya Bharati, also known as the India International Watch and Clock Fair, which took place from January 19 to January 21, 2023. This event gave industry representatives a great and ideal platform to freely mingle with customers and business partners while expanding their businesses yearly. The 21st India International Watch & Clock Fair, 2023 featured the newest products and developments from international brands. Additionally, it served as a f...
India International Watch and Clock Fair
Titan Ltd * Titan has been gradually drifting lower, after a breakdown from a distribution pattern. * It has recently slipped below the support zone of major moving average i.e. 200 EMA on the daily chart. * The chart pattern and indicators are pointing toward the prevailing trend to continue. * We thus suggest initiating fresh shorts through the Put option. Buy Titan Ltd 2400 PE CMP: 29.75 Range: 24-26 SL: 14 Target: 42 Technical Chart :...
Stock of the day: Buy Titan Ltd 2400 PE For Target Rs.42 By Religare Broking
Double-digit growth in standalone businesses Pre-quarterly update for 3QFY23 |The key highlights * Titan (TTAN)’s standalone business sales grew 12% YoY aided by festive demand. * It added 111 stores during the quarter. * Positive consumer sentiment helped all categories clock healthy double-digit growth despite a high base. Jewelry division * Grew 11% YoY (excluding bullion sales) over a high base. * The sales from studded category moderately outpac...
Buy Titan Company Ltd For Target Rs.3,080 - Motilal Oswal Financial Services
Titan Company is currently trading at Rs. 2487.80, up by 4.70 points or 0.19% from its previous closing of Rs. 2483.10 on the BSE. The scrip opened at Rs. 2450.00 and has touched a high and low of Rs. 2504.15 and Rs. 2450.00 respectively. So far 64699 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2790.00 on 31-Oct-2022 and a 52 week low of Rs. 1827.15 on 01-Jul-2022. Last one week high and low of the scrip sto...
Titan Company shines on the bourses
* TITAN has posted a fresh breakdown from “Head and Shoulder Pattern” * It has also slipped below its support zone of 100 day-EMA. * All indications are in the favour of fresh decline ahead. * We thus suggest creating short positions through the Put option. BUY City Union Bank Ltd CMP (Rs):32 Range:26-29 SL:19 Target:52 Technical Chart : To Read Complete Report & Disclaimer Click Here Please ref...
Stock of the day: Buy Titan Ltd For Target Rs.52 By Religare Broking
Buy Ethos Ltd For Target Rs. 1,400 We initiate coverage on Ethos Limited with a target price of Rs.1400 (~53% upside). Ethos is one of India’s most prominent luxury retail brands and the market leader for luxury watches in India. Fortified by over two decades of experience, Ethos manages over sixty watch brands, of which more than 35 are exclusively available at Ethos – a testament to its brand relations, a valuable asset, given that it takes years to develop and nurture these ...
Buy Ethos Ltd : Keep a close `Watch` - Monarch Networth Capital
Ethos is currently trading at Rs. 932.00, up by 14.15 points or 1.54% from its previous closing of Rs. 917.85 on the BSE. The scrip opened at Rs. 916.30 and has touched a high and low of Rs. 934.15 and Rs. 910.85 respectively. So far 3285 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1145.35 on 16-Aug-2022 and a 52 week low of Rs. 711.60 on 06-Jun-2022. Last one week high and low of the scrip stood at Rs. 932...
Ethos moves up on signing exclusive retail partnership with Trilobe
Consistent outperformance should drive re-rating; maintain BUY Ethos’ Q2 EBITDA was ~10% ahead of estimates, led by both revenue & EBITDA margin beat. Revenue grew 32% YoY, on the back of 17% SSG and contribution from certified pre-owned (CPO) business. The stronger growth for Ethos was owing to both, pick up in industry growth and market-share gains. Improved India pricing for Swiss watches and growth in HNIs are resulting in industry growth, while Ethos continues to gain market...
Ethos Ltd : Consistent outperformance should drive re-rating; maintain BUY - Emkay Global Financial Services Ltd
Symphony Jewellery revenues of Rs72bn in Q2FY23 were up 18% YoY with reported EBIT margin of 15.3% which has one-off benefit of ~200bps from diamond gains and custom duty change. Underlying markers (new recruits, studded, GHS) were encouraging even as wedding demand was relatively soft. The momentum continues to be steady in the festive season as well. Watches (+21% YoY) had a good quarter led by growth in the premium segment and wearables category. Eyewear had a relatively muted quarter (...
Add Titan Company Ltd For Target Rs.2,950 - ICICI Securities
Strong execution aiding sustained outperformance About the stock: Titan has transformed itself from a watch maker to an enviable lifestyle company, with jewellery being the leading vertical (85% of revenues). Robust distribution network comprises 2300+ stores spread across 2.9+ mn sq ft. * Titan has consistently displayed its ability to gain market share amid a tough industry scenario owing to its robust balance sheet (30%+ RoCE and cash & investments worth | 1600+ crore) and strong...
Buy Titan Ltd For Target Rs. 3240 - ICICI Direct
Healthy revenues momentum across divisions Titan’s Q2FY23 business update point out that company has witnessed standalone revenue growth of 18.0%, while TEAL grew 139.0%; Caratlane grew at 56.0% YoY, driven by (a) festival demand influenced by Navratri, (b) ...
Buy Titan Company Ltd For Target Rs. 2,817 - Centrum Broking Ltd
Healthy double-digit growth across businesses TTAN released its pre-quarterly update for 2QFY23. Here are the key highlights: * Overall standalone sales are expected to grow at 18% YoY in 2QFY23. * The company added 105 stores in 2QFY23. * The management said is experiencing positive consumer sentiments across categories during the current festive season. Jewelry division: * The Jewelry division grew 18% YoY over a high base. * Gold jewelry (plain) clocked a low double-di...
Update On: Titan Company Ltd By Motilal Oswal Financial Services
Titan Company is currently trading at Rs. 2730.05, up by 136.35 points or 5.26% from its previous closing of Rs. 2593.70 on the BSE. The scrip opened at Rs. 2685.00 and has touched a high and low of Rs. 2744.30 and Rs. 2681.00 respectively. So far 66785 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2767.55 on 21-Mar-2022 and a 52 week low of Rs. 1827.15 on 01-Jul-2022. Last one week high and low of the scrip s...
Titan Company shines on reporting 18% growth in overall sales in Q2FY23
0Leading Lifestyle Company in India: Incorporated in 1984, Titan is joint venture between Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO). The company has come a long way from one product category to housing over 16 brands across multiple categories in 2000+ retail stores. It has established leading positions in the Jewellery, Watches and EyeCare categories have also diversified into Wearables, Indian Dress Wear and Fragrances & Fashion Accessories. Jewellery to co...
High Conviction Idea: Buy Titan Ltd For Target Rs. 2,977 - Religare Broking
Strong margin execution; Outlook remains encouraging * After a strong Q1 revenue update, Titan reported an 8% beat to our EBITDA estimates. Ex-bullion sales, consol. EBITDA margin at 13.2% was 200bps higher than pre-Covid levels, led by operating leverage, exit from loss-making ventures and ~80 bps one-off. * Jewellery momentum accelerated with 3Y CAGR of 23% in Q1 vs. 15-20% in H2FY22, led by ~8% CAGR in buyers and rest through gold price increase. Amid inflation concerns, Titan indica...
Buy Titan Company Ltd For Target Rs.2700- Emkay Global
Strong start, impressive Q1FY23, margin beat slightly Titan’s Q1FY23 revenue was tad below our estimates; revenue grew 172% on a high base (75.5%), while EBITDA/ PAT grew 7.7x/7.9x. Jewelry segment grew 208% (including bullion sale) with 3-year CAGR of 23.4% led by growth in: (1) grammage +170%, (2) new buyer contribution +46%, (3) studded ratio +26%, and (4) wedding segment +178%. Moreover, jewelry segment reported 13.5% EBIT margin. GHS enrolment grew +30%. Watches segment grew 169...
Buy Titan Company Ltd For Target Rs. 2,817 - Centrum Broking Ltd
Jewelry demand robust; margin outlook improving * TTAN’s 1QFY23 result, though strong (three-year jewelry sales CAGR of 23% - the best among Consumer companies), was below our estimates. The management said gold prices have remained stable and that there has been no adverse impact on Jewelry demand so far. This was contrary to our fears that the hike in gold import duty on 1st Jul’22 will increase domestic gold prices and therefore affect demand. As a result, there has only bee...
Buy Titan Company Ltd For Target Rs. 2,670 - Motilal Oswal
The company reported standalone net profit during the quarter stood at Rs 12.01 crore compared to net loss of Rs 5.28 crore in the previous year quarter. Net revenue of the company rose triple digit by 194.04 per cent at Rs 94.27 crore in April-June quarter of this fiscal as against Rs 32.06 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 124.58 per cent to Rs 80.85 crore from Rs 36.00 crore in year ago period. Other Income grew by 76...
Timex Group India posts Q1 net profit of Rs 12.01 cr
The company reported standalone net profit of Rs 18.52 crore for the quarter ended June 30, 2022 as compared to Rs 2.75 crore in the same period last year, registering a year-on-year growth of 573.45 per cent. Net revenue of the company rose substantially by 49.31 per cent at Rs 69.04 crore in April-June quarter of this fiscal as against Rs 46.24 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 38.58 per cent to Rs 53.88 crore from Rs ...
KDDL Q1 net profit zooms 573.45% at Rs 18.52 cr
The company reported standalone net profit of Rs 12.63 crore for the quarter ended June 30, 2022 as compared to Rs 0.91 crore in the same period last year, registering a year-on-year growth of 1287.91 per cent. Net revenue of the company rose substantially by 95.14 per cent at Rs 173.56 crore in April-June quarter of this fiscal as against Rs 88.94 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 78.50 per cent to Rs 146.53 crore from ...
Ethos Q1 net profit zooms 1287.91% at Rs 12.63 cr
Robust revenues driven by weddings in Q1FY23 Titan’s Q1FY23 business update point out that company has witnessed near normal quarter reporting revenue growth of 205% in India driven by (a) low base, (b) wedding season, (c) stable gold prices, and (d) network expansion. Interestingly jewelry sales grew 207% YoY, 3-year CAGR augmented to 23% in Q1 (up from 15% in Q4FY22). Management said, the studded share was back to pre–Covid levels and improved YoY. Titan added 120 stores acro...
Buy Titan Company Ltd For Target Rs.2,817 - Centrum Broking
Robust sales across divisions led by strong wedding demand and a low base effect TTAN released its pre-quarterly update for 1QFY23. Here are the key highlights: Low base and positive consumer sentiments boosted sales * TTAN witnessed strong demand across its Consumer businesses in 1QFY23. * Revenue grew 205% YoY due to last year’s low base, a three-year CAGR of 20.5% (over 1QFY20). Business was near normal after two years. Jewelry: Strong demand during the weddi...
Investment Idea : Buy Titan Company Ltd For Target Rs.2,900 - Motilal Oswal
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Buy Titan 2050PE For Target Rs. 85 - Religare Broking
Ethos is currently trading at Rs. 789.60, up by 3.05 points or 0.39% from its previous closing of Rs. 786.55 on the BSE. The scrip opened at Rs. 768.00 and has touched a high and low of Rs. 798.70 and Rs. 759.05 respectively. So far 2869 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 839.65 on 30-May-2022 and a 52 week low of Rs. 711.60 on 06-Jun-2022. Last one week high and low of the scrip stood at Rs. 806.4...
Ethos trades higher on the bourses
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