Morgan Stanley reiterates Overweight on Titan with Rs 5,182 TP, betting on 19% jewellery CAGR to FY30
Brokerages flag Titan as a top pick into June 8, citing jewellery market share expansion from 8.5% to 11%, half of revenue tied to gold exchange, and 100 new eye-care stores planned in FY27. Maruti also highlighted with retail share at 40% and wholesale volumes up 38% YoY.
Brokerages reiterate bullish calls on Titan (Morgan Stanley OW, Rs 5,182 TP) citing 19% jewellery growth through FY30, market share expansion to 11%, and 100 new eye-care stores in FY27. Maruti, M&M, Adani Ports also flagged positively.