Titan vs Kalyan Jewellers: Which stock will shine brighter in the long term?

With gold outlook bullish as well as consumer demand recovering, jewellery stocks Titan and Kalyan Jewellers will be in focus.

Titan falls over 2% as growth numbers fail to cheer analysts

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<ul><li>On Friday, the company reported its third quarter ended December 2022 (Q3FY23) update with double digit growth across all divisions. Revenue for the jewellery division grew 11% on year with studded category moderately outpacing plain gold jewellery.</li></ul>

From ITC to Infosys, these are Choice Broking's top 5 technical picks for 2023

The calendar year 2022 saw roller-coaster-like volatility with the Nifty index hitting a low of 15,191.10 in June. However, some recovery was seen in the second half of the year as the index pared losses to reach a new record high of 18,887.60 in early December. Currently, the index is hovering around the upper band of the range amid mixed signals from the global front, especially the US markets. From the medium-term perspective, Nifty should hold decisive above 18,700 to start the next leg of the up-move, else the time-wise correction would continue. Keeping in mind the scenario, brokerage house Choice Broking has identified a list of 5 stocks. Let's take a look:

From ITC to Titan, 8 blue chip stocks Motilal Oswal advises buying in 2023

Despite a roller coaster ride, Nifty gained 4% (as of 22nd December) for the year as compared to a 10-20% fall in most of the global indices. In fact, it touched a fresh lifetime high of 18,888 in November. As we step into 2023, the global factors like recessionary fears, geo-political risks and rising Covid cases in China could keep the equity markets volatile. Amid this backdrop, Motilal Oswal expects two themes to play out in CY23 - credit growth and capex and thus sectors like BFSI, capital goods, infrastructure, cement, housing, defence, railways could be in focus. It has listed 8 blue chip stocks to pick for the upcoming year. Let's take a look:

Titan: Growing demand from smaller towns to add sparkle

Tanishq store penetration increased in semi-urban/rural areas. Tanishq’s store network change over the past 12 years indicates that the share of stores in semi-urban/rural has increased to 54% now from 50% in 2020 and 27% in 2011. It currently has 127 stores in 126 rural areas as compared to 32 stores in 31 rural areas in 2011.

Titan to breach ₹3000 mark in next 12 months, says Motilal Oswal

In a recent note, brokerage house Motilal Oswal (MOSL) said that it believes Titan will continue to be a standout performer and its medium-to-long-term outlook remains attractive. It sees the stock breaching the ₹3,000 mark in the next 1 year.

Titan sees 18% sales growth in September quarter

Titan, which operates in the segments as Jewellery, Watches &amp; Wearables, and EyeCare has witnessed healthy double-digit growth across most businesses, according to a quarterly update.

Titan case: Sebi fines eight individuals for breach of insider trading norms

Titan case: The regulator slapped a fine of ₹1 lakh each on Kuldeep Singh Yadav, Ganesh Kumar K, K Ramakrishna, P Tamilarasan, O Boopathi, Ketan Shantilal Savaliya, Rakesh Kishor Rathod and Soma Bhattacharya, according to eight separate orders.

Titan: Sebi penalises 8 individuals for breach of insider trading norm

The regulator imposed a fine of ₹1 lakh each on Arpit Mathur, Rajakumar G, Sridhar K, Deep Chandra Pandey, Sarvesh Agarwal, VPV Vijay Kumar, Vijendra Bisht and Jayprakash Kumar, according to eight separate orders.

Titan: This Rakesh Jhunjhunwala stock's net profit jumped 13 times in Q1; should you buy?

The company reported a 13-fold jump in its year-on-year (YoY) net profit at ₹793 crore in June quarter as against ₹61 crore profit in the same quarter last year. On a sequential basis, the profit increased 61.5 percent.

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Titan vs Kalyan Jewellers: Which stock will shine brighter in the long term?

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