CLSA Bullish On Titan, Delhivery; Macquarie Lifts Dixon TP; HSBC Initiates Pidilite Buy
A brokerage roundup flags multiple retail-relevant calls: CLSA turns bullish on Titan (TP Rs 5,250-5,260) and Delhivery (upside to Rs 655), Macquarie hikes Dixon Tech TP to Rs 16,000 on the Vivo JV, HSBC initiates a Buy on Pidilite (TP Rs 1,890) and raises Adani Ports TP to Rs 2,200, while Investec downgrades Sheela Foam.
Brokerage roundup with retail-relevant calls: CLSA bullish on Titan and Delhivery, Macquarie hikes Dixon Tech TP on Vivo JV, HSBC initiates Buy on Pidilite, HSBC hikes Adani Ports TP, and Investec downgrades Sheela Foam.
Why this matters
The bullish CLSA call follows Titan's FY30 plan to double revenue, lift jewellery share to 20% and reach 1,400 stores, and comes ahead of its Aug 7 board meet for Q1 FY27 results amid a gold demand surge.
Retail-brand signals are accelerating, up 302400% QoQ.