Consumer discretionary stocks shine in a weak mkt; Titan hits record high

Analysts expect discretionary players like D-mart, Titan, and Jubilant FoodWorks to record a stronger recovery in Q2FY22, led by faster unlocking and pent-up demand post the second wave

Shares of consumer discretionary companies were on a roll on Tuesday with most of the frontline firms trading at record high levels on expectation of strong improved earnings going forward. Analysts expect related companies to record a stronger recovery in July-September quarter (Q2FY22), led by faster unlocking and pent-up demand post the second wave.

Avenue Supermarts, the owner of D-Mart chain of retail stores, Titan Company, Jubilant FoodWorks, Indian Hotels Company, Oberoi Realty, Kajaria Ceramics, Barbeque-Nation Hospitality and Vardhman Textiles are some of the stocks that hit fresh record highs on the BSE in the intra-day trade today.