Titan Jumps 3.5% As Brokerages Stay Bullish On 41% Q1 Jewellery Growth
Titan's Q1 update showed 41% jewellery growth, 77 new stores added (3,680 total) and 37% domestic plus 128% overseas expansion. Citi, Morgan Stanley, Macquarie and Bernstein retained bullish ratings, with target prices up to Rs 5,182 versus the current Rs 4,642.50.
Titan shares jumped after a strong Q1 update showing 41% jewellery growth, 77 new stores and rebounding footfall. Citi, Morgan Stanley, Macquarie and Bernstein retained bullish ratings with target prices up to Rs 5,182.