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Titan's stock dropped by 2.4% as the company reported a slight dip in Q3 net profit, despite a 25% YoY increase in total income. The reduction in customs duty on gold impacted profitability. Analysts are optimistic, with Macquarie and Goldman Sachs maintaining their positive ratings on Titan.
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The revenue from operations for Q3FY25 stood at Rs 8,549 crore, marking a 6% decline from Rs 9,103 crore reported in the corresponding quarter of the previous financial year.
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ITC Hotels share price: The newly demerged entity made its debut on the NSE and BSE at Rs 180 and Rs 188 per share, respectively, giving it a market valuation of Rs 39,126.02 crore at the time of listing. Since then, its valuation has decreased to Rs 34,266.48 crore.
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