Budget 2023: Hike in cigarette tax, higher spend on rural schemes on anvil for FMCG cos
While taxation of tobacco is primarily under the purview of the GST Council, the central government also levies a National Calamity Contingent Duty (NCCD) on cigarettes, which is subject to changes in the Budget.
Keep a slightly higher allocation for healthcare versus pharma space: Hemang Jani
I think for the auto sector, particularly passenger vehicles, the growth run continues. In between we had some challenges on the margin front and for Maruti particularly their overall product basket was not looking that good with competition coming in from the Kia and the GM and many other names. But I think in the last six months or so, if you see their product offering has been much, much better.
Buy Titan Company, target price Rs 3240 : ICICI Direct
Titans jewellery division is expected to register early double digit revenue growth to the tune of 11% YoY in Q3FY23 (12% including CaratLane). Prima facie, the growth trajectory appears to have moderated but we believe the growth rate should be viewed in the context of a very strong base of Q3FY22 (the division had recorded 37% YoY growth).
Should you be a buyer in Titan & Bajaj Finance on corrections? Daljeet Singh Kohli answers
"ICICI Bank has reached a very high level and from here onwards, what next? So why not look for something which has not moved as of now? It is just the kind of rotation which is happening. There is specifically nothing negative I have heard about ICICI Bank. They are continuously doing what they were doing very well with the change of management."
Multibagger Tata stock can zoom 21% to fresh all-time high in 2023: CLSA
In a business update, ahead of the full quarterly results which would be announced later in the quarter, Titan said healthy consumer demand spurred by a vibrant festive season resulted in a 12% growth in combined sales year-on-year (YoY) across the company's standalone businesses.
Analysts are forecasting the likelihood of sustained performance in some of them. Out of the 13 stocks that have fetched returns every year in the past six years, eight could continue their winning run, according to analyst consensus price targets compiled by Bloomberg.
Buy Titan Company, target price Rs 2655: ICICI Direct
Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Precious & Semi Precious Stones, Eyewear, Others, Other Operating Revenue, Scrap, Other Services for the year ending 31-Mar-2022.
Stocks to buy today: 5 short-term trading ideas by experts for 3 January 2023
Nifty formed a Bearish Piercing pattern on the daily scale on Monday but it has been making higher highs from the last five sessions. It formed a Bullish candle or an Inside Bar on the weekly frame but continues to form lower highs from the last four weeks.