Investec maintains a hold rating on Titan with a target price of Rs 4,100, expecting strong revenue growth but muted PAT. The jewellery segment sees good growth, but a weak studded mix may dent margins. Watches and wearables grew 19% YoY, while eyewear lags behind. Emerging businesses posted double-digit growth, with fragrances up 19% and fashion accessories up 11%.
Tejas Networks shares hit 20% upper circuit on robust Q2 earnings
Tejas Networks shares surged 20% to Rs 1,427.55 on Monday after the company reported a return to profitability in Q2 FY25. The profit after tax