ResultsCNBC-TV18
Titan eyes record festive sales as gold exchange gains traction
Positive+29Company event
GreyOak summary
Titan projects record sales for the Dhanteras period due to softer gold prices and increased consumer willingness to exchange old gold. Over 50% of transactions now use the gold exchange channel. The company expects strong demand through Bhai Dooj, aided by new 18-carat collections.
What it affects
- Titan CompanyTITANPositive +29
Projects record festive sales driven by gold exchange.Rolling sentiment Positive +53
- GoldNeutral 0
Prices fell to a seven-to-eight-month low.Rolling sentiment Neutral +13
Source
Read the original at CNBC-TV18More Titan Company news
- 3 jewellery stocks show faster growth than TitanFinancial Express · Results ·
- Jhunjhunwala portfolio worth Rs 48,000 cr includes Titan, IKSBusiness Today · Stock view ·
- Titan bets on studded jewellery, premium watches and eyewear to drive growthEconomic Times · Company update ·
- Noel Tata retires as Titan Vice-Chairman on Nov 12BusinessLine · Company update ·
- Street remains bullish on Titan Company post Q2, stronger Q3 prospectsBusiness Standard · Results ·