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.
Titan share price: The jeweller commanded a m-cap of Rs 3,14,977.65 crore in early trade, valuing Jhunjhunwala's stake at 16,221.34 crore, up Rs 601 crore.
An analyst from Choice Broking said that Titan has formed a strong bullish candle, accompanied by consistent trading volumes, reinforcing buying interest at lower levels.
A strong double-digit same-store sale growth continued for Kalyan Jewellers, but Titan's domestic like-for-like growth was in low double digits, MOFSL said.
Jhunjhunwala's stake in Titan was worth Rs 15,989 crore on Monday. The stock fell 5.52 per cent to hit a low of Rs 3,464.40 today, with Titan commanding an m-cap of Rs 3,07,618 crore.





