Key Stock Updates: Titan Grows 20%, Tata Motors JLR Volumes Drop, New IPO Listings
Indian markets ended flat in a volatile session, supported by pre-earnings updates despite foreign fund outflows. Titan reported 20% growth in consumer businesses, with domestic jewellery up 19% and international business surging 86%. Tata Motors' JLR faced challenges with declining volumes. Container Corp partnered with Ultratech Cement for bulk transportation. Lodha Developers, Godrej Consumer Products, IRB Infrastructure, and Saatvik Green Energy provided positive business updates. Two new IPOs, Om Freight Forwarders and Advance Agrolife, are set to list on the stock exchange.

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In a volatile trading session marked by the weekly expiry, Indian markets ended unchanged as pre-earnings updates provided support despite foreign fund outflows. Several major companies reported significant developments, with various sectors showing mixed performance.
Titan's Performance
Titan Company Limited reported a 20.00% growth in its overall consumer businesses. The company's domestic jewellery business, its flagship segment, grew by 19.00% year-on-year. Titan's international business surged by 86.00%, contributing to the overall positive performance.
Tata Motors JLR Update
Tata Motors faced challenges in its Jaguar Land Rover (JLR) division. JLR volumes declined significantly, with wholesales down 24.20% year-on-year and retail sales down 17.10% year-on-year.
Other Corporate Updates
Container Corp: Entered an agreement with Ultratech Cement for bulk cement transportation using specialized tank containers.
Lodha Developers: Reported collections up 13.00% at Rs 3,480.00 crore and pre-sales up 7.00% at Rs 4,570.00 crore.
Godrej Consumer Products: Expects home care portfolio to deliver high-single digit value growth but anticipates EBITDA decline and short-term profitability impact from GST transition.
IRB Infrastructure: Reported gross toll collection rose 11.00% year-on-year to Rs 556.70 crore.
Saatvik Green Energy: Received orders worth Rs 488.00 crore and Rs 219.62 crore for solar PV module supply.
New IPO Listings
Two companies are set to list on the stock exchange:
Company Name | Listing Price (Rs) | Subscription (times) |
---|---|---|
Om Freight Forwarders | 135.00 | 3.87 |
Advance Agrolife | 100.00 | 56.85 |
These developments highlight the dynamic nature of the Indian corporate landscape, with companies across sectors adapting to market conditions, regulatory changes, and strategic shifts in their business models.