Titan is seeing its stock recover sharply in trading and saw its share price hit a new year high the past week, after management said on Tuesday that consumer sentiment and demand scenario recovered for the firm since the beginning of Q4 FY16-17. Noting that sales were good across all business segments, the firm said that its jewellery brand Tanishq has grown 40%+ in the March quarter.

IIFL Institutional Equities analysts estimate that Titan is set to deliver over 34% year-on-year sales growth, and see 66% pre-tax profit growth for the March quarter.  Future risks Titan faces however, include the GST rate for jewellery - a high tax rate will pare gains for investors.

The initial public offering (IPO) of education content publisher S. Chand & Co. Ltd is likely to open in the third week of April, according to sources quoted in Livemint. The date for the IPO launch is 18th April, according to these sources. S Chand had received approval from SEBI for its draft IPO prospectus in March. The IPO issue is expected to be around between Rs. 650-750 crore.The money raised will be, according to the management, used for the repayment and pre-payment of loans besides the general corporate purposes.

Stock in spotlight:  Yes Bank, whose share price hit a new year high today. The bank's management has announced that 3.27 crore shares allotted under the Qualified Institutions Placement (QIP) have been listed and are now available for trading on the exchanges.The bank raised Rs 4,906.6 crore ($750 million) through the QIP, which it expects will boost its capital adequacy to 20%.

Photo of the day: Eighty year old Bahadur Sherchan performs morning exercises on the rooftop of his home. The octogenarian mountaineer is preparing for his attempt to become the oldest person to climb Mount Everest. Narendra Shrestha/EPA