In the run-up to the important economic event, the Indian stock market is ready for a volatile ride on the back of persistent FIIs flows, Trump tariff concerns and geopolitical uncertainty.
Titan Shares Hit Record High, Swelling Rekha Jhunjhunwala’s Holding To Rs 20K Crore
Titan Hits All-Time Highs As Gold Rally And Strong Execution Drive Growth Across Segments
Nifty closed 38 points lower at 26,140. Sensex too fell 102 points to end at 84,961.
Titan shares touched record highs, rising over 4%, as strong Q3 business updates reinforced positive market sentiment. The company reported nearly 40% year-on-year growth in its consumer businesses, led by a stellar jewellery performance with revenues up 41%. Higher gold prices boosted average selling prices, while gold coin sales nearly doubled and studded jewellery posted healthy mid-20% growth. Domestic growth stood at 38%, while international operations surged 79%. Titan added 56 net new stores during the quarter, taking its total footprint to 3,433. Watches grew 13%, supported by premium analogue demand, while EyeCare posted steady 16% growth. While jewellery remains the key earnings driver, analysts caution that much of the optimism is already reflected in the stock’s sharp rally.
Nomura said it sees Titan as a key beneficiary of the rising affluent and elite income population in India, with sales growth at 1.5-2 times GDP over the medium term.
JM Financial said overall standalone revenue for the Tata group firm is expected to grow 38 per cent YoY led by 40 per cent YoY growth in jewellery business (ex-bullion).
Stocks including Reliance Industries, Titan, ONGC, YES Bank, IEX, Meesho, Lodha Developers, IRB Infra, Steel Companies and more will be in the spotlight on Wednesday, January 07.
Stocks including Privi Speciality Chemicals, Titan Company, Power Grid, RITES, Bharat Forge, IndiGo, Lupin, Muthoot Finance and more will be in the spotlight on Wednesday, December 31.
Titan Company, where Rekha Jhunjhunwala held 5.32 per cent stake as of September 30, climbed 22 per cent in 2025 so far.
Underperformers of 2024, which showed improved outlook, outperformed in 2025. They included Reliance Industries, Bajaj Finance, Axis Bank, Asian Paints and Titan Company.
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