Titan’s stock is inching closer to record highs, gaining traction among market watchers as it approaches a possible breakout.
SEBI-registered analyst Rohit Mehta noted that Titan is just ₹171 away from its all-time high of ₹3,874, currently trading around ₹3,703.
He pointed to a clean breakout from a long sideways zone, supported by a rounded bottom pattern and rising volumes, both of which are signs of institutional buying and trend strength.
Mehta said that the stock has already surged 25% from its 52-week low of ₹2,925 and the momentum seems to be changing in its favour now.
If the price can close above ₹3,875, it can lead to new highs. On the other hand, ₹3,800–₹3,875 is the immediate resistance zone to watch.
In the short term, supports to watch on the downside are ₹3,142 and ₹3,060.
He added that traders should watch for how Titan behaves around ₹3,700–₹3,750 in the coming sessions. A drop below ₹3,060 could invalidate the current setup.
Looking at Titan’s recent numbers, Mehta said sales for the March quarter rose 19.39% compared to the same quarter last year, but slipped 15.29% from the previous quarter.
Operating profit climbed 29.05% year-on-year and fell 8.18% quarter-on-quarter.
Profit before tax was up 22.91% year-over-year and down 12.75% quarter-over-quarter. EPS increased 13.02% year-over-year but declined 16.79% sequentially.
Last week, the company announced that it had fully redeemed commercial papers worth ₹1,000 crore, which were issued on May 13. The maturity proceeds have been paid to all holders.
On Stocktwits, retail sentiment was ‘bearish’ amid ‘normal’ message volume.
The stock has risen 13.9% so far in 2025.
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