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Informist, Wednesday, Oct. 8, 2025

 

By Anjana Therese Antony

 

MUMBAI – Premiums on deep out-of-the-money call options of Titan Co. more than doubled after the company reported healthy on-year growth in its consumer business for the September quarter. The growth figure, particularly of the company's jewellery segment, was better than what some broking firms had estimated.

 

The stock may test the INR 3,700 level but is unlikely to reach its record high in the near term, a senior technical and derivatives analyst at a domestic broking firm said. Titan's shares had hit their all-time high of INR 3,886.95 on Jan. 30, 2024. Wednesday, the stock snapped a two-day losing run to close over 4% higher at INR 3,565.60 on the National Stock Exchange. More than 4.53 million shares of Titan were traded during the day, nearly 350% higher than the volume traded Tuesday.

 

In the options chain of Titan, premiums on call strikes between INR 3,580 and INR 3,700 rose around 165% while those on put options between INR 3,500 and INR 3,460 declined more than 70%. The maximum addition of open interest was at INR 3,700 call and INR 3,500 put contracts. Traders also added long bets in the October futures contract. The series closed more than 4% higher and open interest rose almost 6% to more than 12 million.

 

The company's domestic jewellery vertical grew 19% on year, higher than the 12% growth estimated by JM Financial. Its overall domestic business increased 18%, driven by a double-digit rise in its jewellery, watches, eyecare, and other emerging businesses.

 

Meanwhile, the equity market snapped a four-day winning run and closed slightly lower Wednesday. Losses in financial services and oil-and-gas stocks offset the rise in information technology shares. The Nifty 50 ended 0.3% lower at 25046.15 points. The near-term support for the index Thursday is seen at 24950-24900 points and resistance at 25200-25300 points, the derivatives analyst said.

 

--Nifty 50 October closed at 25112.50, down 112.80 points; 66.35-point premium to the spot index

--Nifty 50 November closed at 25252.50, down 103.60 points; 206.35-point premium to the spot index

--Nifty 50 December closed at 25402.40, down 112.10 points; 356.25-point premium to the spot index

 

Titan Co., Reliance Industries, Tata Consultancy Services, Infosys, HDFC Bank, Tata Motors, ICICI Bank, Vodafone Idea, Axis Bank, National Aluminium Co., State Bank of India, Hindalco Industries, Canara Bank, Vedanta, Bharti Airtel, BSE, and Tata Steel were the most active underlying stocks Wednesday.  End

 

Edited by Rajeev Pai

 

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