Macquarie retains Titan as a ‘Star’; adds Phoenix Mills to ‘Rising Stars’
Macquarie has kept Titan Company in its high-conviction Stars basket, citing confidence in discretionary-consumption growth. The brokerage added Phoenix Mills as a Rising Star, pointing to robust mall-rental growth despite delayed mall commissioning and softer residential sales.
Macquarie retained Titan in its high-conviction Stars basket, citing confidence in discretionary-consumption growth. It added mall operator Phoenix Mills to Rising Stars despite delayed mall commissioning and weaker residential sales, while noting robust mall-rental growth.
Why this matters
The call follows Titan’s resurfaced late-December beYon lab-grown diamond store launch in Mumbai and ahead of Q1FY27 results focused on jewellery demand, margins and store expansion.
Retail-company signals are accelerating, up +206414% QoQ.