 "Rakesh Jhunjhunwala")
Brokerages retained their bullish views on jewellery maker Titan Company post its December quarter results and revised their earnings estimates upwards in anticipation of a strong growth going ahead.
The company, in which ace investor Rakesh Jhunjhunwala holds 5.32 per cent stake as of December quarter, on Wednesday posted an 11.81 per cent year-on-year (YoY) increase in consolidated net profit to Rs 530 crore for the third quarter ended in December 2020, led by income growth in the jewellery division.
Shares of the firm were, however, trading over 3 per cent down at Rs 1,513.50 on the BSE at 12.20
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