Citi Research

MPC: We don’t expect rate cut in 2024 unless growth or inflation surprises on downside: Tanvee Gupta Jain

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MPC: We don’t expect rate cut in 2024 unless growth or inflation surprises on downside: Tanvee Gupta Jain

“I would say most of the forecast will be retained. A lot of focus will be on the upcoming budget and the policy henceforth rather than expecting really meaningful on Friday’s policy,” says Tanvee Gupta Jain, Chief India Economist, UBS Securities India.Well, a rate cut or a rate action clearly is not on the cards, … Read more

Titan: Titan plunges 7.2% on profitability worries, analysts cut price targets

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Titan: Titan plunges 7.2% on profitability worries, analysts cut price targets

Mumbai: Shares of Titan Company plunged 7.2% Monday after fourth-quarter results showed profitability is under pressure. Most analysts trimmed their price targets on the stock, but the forecasts still imply upside of 8-22% over Monday’s closing price of ₹3,281. Analysts said rising gold prices could dent demand for Titan’s products. “There is a notable and … Read more