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Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 270814.73 Crore) operating in Gems and Jewellery sector.

The private banking stock has been making lower lows for the past 4 weeks on the weekly charts and experts are of the view that there is room for further downside amid weakness seen in the banking space.

“Across the board, we have a reasonably good, well-diversified earnings growth profile. So I am not overly worried. If you have both earnings as well as the liquidity in place, I see no reason why one should be very worried from a medium-term to long-term perspective. Short-term, anything can happen.”

FPIs have turned big-time buyers of Indian stocks over the past few months, barring August when the sentiment has tampered a bit. Despite this, they own stocks worth billions of dollars on D-Street, thus swaying the market mood.

Jio Financial Services will be in between say a traditional lending business or a traditional financial services business and a tech, a complete fintech based business because it will probably try and use best of both the worlds.

A total of 11,467 shares changed hands on the counter till time (IST).

The auto, O&G, and banks (private and PSU) are expected to be the key growth drivers with 77%, 56%, and 30% YoY earnings growth, respectively, and are likely to contribute 71% to earnings growth.

The stock quoted a 52-week high of Rs 4606.0 and a 52-week low of Rs 3292.65.

"Value does not mean it is cheap. You know, it is about whether you are getting good companies at a reasonable price and that is what our focus has been right from the beginning and we will never buy something just because it is cheap. At times, cheapness or value can be a trap."

Bitcoin has taken multiple supports in the past at the crucial level of $25,000 (Horizontal trendline & 50% Fibonacci Retracement). This time too, the prices have bounced slightly after testing the support and the lower longer shadow indicates buying around these levels.