{"id":504,"date":"2020-09-30T12:29:51","date_gmt":"2020-09-30T06:59:51","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=504"},"modified":"2020-09-30T12:29:51","modified_gmt":"2020-09-30T06:59:51","slug":"titan-shares-head-to-best-quarter-in-3-years-soar-as-upcoming-festive-outlook-shakes-off-virus-woes","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/titan-shares-head-to-best-quarter-in-3-years-soar-as-upcoming-festive-outlook-shakes-off-virus-woes\/","title":{"rendered":"Titan shares head to best quarter in 3 years; soar as upcoming festive outlook shakes off virus woes"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">India\u2019s biggest gold jeweler is emerging stronger from the coronavirus pandemic. Shares are heading for the best quarter in nearly three years as investors bet on a recovery in demand ahead of the key festive season and as an economic slump weakens its competitors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Titan Co. has jumped nearly 23% in the quarter ending Sept. 30, the most since the three months ended December 2017. That compares with a near 9% increase in the benchmark S&amp;P BSE Sensex.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rally comes as local gold prices head for a second consecutive monthly loss, capping gains of about 30% this year. The drop in prices, while still near record highs, comes ahead of India\u2019s festival season that gathers pace from mid-October and peaks around Diwali, which falls in November this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buying and gifting of gold is usually considered auspicious during this period by Hindus and with consumers in the world\u2019s second-biggest buyer getting used to high prices, any correction is likely to lead to a rush to stores, ICICI Securities Ltd. said in a note last week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cGold itself being in a bull market has catapulted the stock,\u201d said Sanjiv Bhasin, director at IIFL Securities Ltd. Additionally, \u201cIndians\u2019 spending by nature is very, very strong on gold\u201d and the festival season should bode very well for a \u201cpedigree stock\u201d like Titan, he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Titan also stands to gain from the financial distress faced by smaller jewelers after the economy contracted 23.9% last quarter following one of the world\u2019s strictest lockdowns. Regional unorganized jewelers are under pressure from liquidity coonstraints, funding issues and limited ability to sell online, providing bigger companies like Titan an opportunity to gain market share, ICICI Securities said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s gold demand has been slammed this year by lockdowns imposed from March end to control the coronavirus outbreak. While the restrictions have been slowly eased over the last couple of months, jewelers are staring at record-low sales of the precious metal as the economy contracts sharply and prices remain near all-time highs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWhen gold prices go up, the inventory value goes up. So that is one factor,\u201d which will help Titan as its margins will improve, said A.K. Prabhakar, head of research at IDBI Capital Market Services Ltd. \u201cSo even if there is a 10%-20% dip in revenue, their margins compensate in big numbers.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Eqwires Research Analyst<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\"><strong>Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s biggest gold jeweler is emerging stronger from the coronavirus pandemic. Shares are heading for the best quarter in nearly three years as investors bet on a recovery in demand ahead of the key festive season and as an economic slump weakens its competitors. Titan Co. has jumped nearly 23% in the quarter ending Sept. 30, the most since the three months ended December 2017. That compares with a near 9% increase in the benchmark &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/titan-shares-head-to-best-quarter-in-3-years-soar-as-upcoming-festive-outlook-shakes-off-virus-woes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Titan shares head to best quarter in 3 years; soar as upcoming festive outlook shakes off virus woes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,139,140,106,272,266,98,72,97,184,73,268,135,137,133,104,141,161,160,159,74,210,75,158,166,228,227,103,254,102,224,257,101,105,165,76,77,78,79,247,215,216,174,80,81,99,218,82,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,232,231,250,96,3,260,252,248,249,107,192,220,275,223,156,157,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,8,185,10,17,269,148,151,146,15,16,122,144,162,23,41,25,24,27,21,194,50,229,226,124,33,253,126,225,119,20,258,28,49,127,121,230,125,115,22,113,29,52,123,131,245,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,242,237,51,110,32,187,35,55,44,270,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,233,68,193,241,205,261,263,209,262,243,244,240,66,204,70,109,259,221,274,222,163,69,58,239,208,114,178,181,179,180],"class_list":["post-504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-tips-provider-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trading-tips","category-intraday-trading-tips-strategies","category-investment-adviser","category-investments","category-it-industry","category-jackpot-intraday-tips","category-most-accurate-stock-tips-provider","category-most-successful-intraday-strategy","category-most-successful-intraday-tips-provider","category-most-successful-stock-advisor-in-india","category-most-successful-stock-advisors-in-india","category-news","category-nifty-intraday-trading-tips","category-nse-fo","category-operator-based-calls","category-politics","category-portfolio-management-services","category-promotions","category-sebi-registered-advisory-company","category-sebi-registered-advisory-company-in-india","category-sebi-registered-best-investment-advisory","category-sebi-registered-investment-advisor","category-sebi-registered-research-analyst","category-share-market-tips","category-stock-market","category-stock-market-basics","category-stock-market-expert-in-india","category-stock-market-tips","category-stock-market-tips-india","category-stock-tips","category-sureshot-tips-provider","category-top-10-advisory-company","category-top-10-in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