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​The brokerage believes that heightened competition in this space will continue to impact growth and compress spreads for gold finance NBFCs. Moreover, gold price remains the key factor in balance sheet growth in this business, hence the business model remains highly vulnerable to any sharp downward movement in gold prices.

The brokerage believes ITC is better placed vs competition at least for next few quarters as 1) More than 80% of the company’s profits are largely protected vs FMCG peers, who are grappling with twin issues of lower volume growth and hyperinflation in RM index.

​Bharti reported a decent set of numbers – broadly inline with expectations. The ARPU and mobile business revenue grew 9% qoq, while digital businesses remained soft. Margins were inline with estimates, while PAT (adjusted for exceptional gain) was along expected lines.

​Titan Company’s (Titan’s) management outlined ambitious growth outlook for the company in the next five years at its analyst conference held on May 13, 2022.

​​Relatively better placed vs competition; Maintain BUY: With economy gradually returning to normalcy, the brokerage reiterated its high conviction thesis that shift towards large, organized and trusted brand is here to stay and its amplifying effect will be clearly visible in FY23, once Covid-19 headwinds recedes.

Margins in FY23E could continue to be under pressure as supply-side pressures and temporary cost-save reversal across travel/facility/discretionary spending happens, before stabilizing in FY24E. Pricing and rupee depreciation are the key risks to our expectations. We are not so hopeful about blended pricing increases in a scenario where client surpluses are reducing, but INR is something to be watched.

In the last few weeks, Vijay Kedia says he has met a CISF personnel at an airport who lost Rs 15 lakh by trading in futures and options and a school teacher who lost Rs 42 lakh similarly on leveraged money.

One97 Communications (Paytm) rose 2.3 per cent to Rs 567 ahead of its quarterly earnings. Godrej Consumer Products fell 3.3 per cent to Rs 768.80.

The Relative Strength Index of the stock stood at 42.44 on Friday.

A total of 16,012 shares changed hands on the counter till 10:25AM (IST).