Titan Shares Hit Record High, Swelling Rekha Jhunjhunwala’s Holding To Rs 20K Crore
Titan Hits All-Time Highs As Gold Rally And Strong Execution Drive Growth Across Segments
Nomura said it sees Titan as a key beneficiary of the rising affluent and elite income population in India, with sales growth at 1.5-2 times GDP over the medium term.
JM Financial said overall standalone revenue for the Tata group firm is expected to grow 38 per cent YoY led by 40 per cent YoY growth in jewellery business (ex-bullion).
Axis Securities said that Vedanta is in a strong uptrend across all time frames, forming a series of higher tops and bottoms and it also registered an all-time high , which confirms bullish sentiments.
Axis Securities said that The price action of Titan has confirmed a 'falling channel' breakout at Rs 3,750, accompanied by robust volumes, signaling strong bullish participation.
The brokerage has set a target price of Rs 4,107 for the stock, implying a further upside of approximately 9.7 per cent from its current levels.
UBS described Titan as an “impressive player in the jewellery industry” backed by strong brands, consumer trust, and scale advantages.
The market expert reiterated his positive stance on select blue-chip counters, particularly Larsen & Toubro Ltd (L&T) and Titan Company Ltd.
Titan: The stock jumped 4.72 per cent to hit a day high of Rs 3,577.95 and was last seen 4.27 per cent up at Rs 3,564.30. At this value, it has risen 14.16 per cent over the last six months.
Within the segment, CaratLane was a standout performer, clocking a stellar 30 per cent growth. The company expanded its jewellery footprint by adding 34 new stores in India during the quarter.
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