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Consumer

1
Under the lens

Fun, fat-finger, or Porinju Veliyath’s prop trade? Behind the new-found romance for Manpasand's stock

Earlier this year, the beverages maker’s promoters were jailed for GST fraud. Its third set of auditors has also quit, and Manpasand’s stock has been reduced to a penny scrip. Yet, there has been a sudden interest in the stock after NSE records showed that fund manager Porinju Veliyath bought it in a bulk deal. Veliyath says his fund didn’t carry out the transaction. If that is the case, what is fuelling the rally in Manpasand shares?

Brands

With Titan, all that glitters is unfortunately gold

In the past five years, Titan’s reliance on the jewellery business for its top line and bottom line growth has gone up. It now needs a holistic vision on how to improve store openings and keep a steady hand on like-to-like sales growth. But keeping overheads on a tight leash and wooing new customer in a fragmented market can add the much-needed sheen to the business.

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Result

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