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"While we will be able to conclude this transaction and all the regulatory approvals are expected to be in place in the next two months, we are considering raising some debt. We have a healthy cash position and healthy cash generation ability in the business. The rest of the businesses will continue to get their capital share for their growth strategy."

A total of 42,984 shares changed hands on the counter till 01:05PM (IST)

Kacholia offloaded 1.8 lakh shares of SJS Enterprises for Rs 640 apiece in a bulk deal.

ICICI Securities has buy call on Somany Ceramics with a target price of Rs 939. The current market price of Somany Ceramics is Rs 682.9.

Promoters held 63.21 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 23.53 per cent and 4.24 per cent, respectively.

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.