Titan Q4 update: Revenue rises 17% YoY, firm adds 86 storesMoneycontrol • 21 days ago
Jewellery segment contributed significantly to the growth as its domestic operations surged 19 percent y-o-y led by “both buyers and same store sales clocking healthy double-digit growths”, the company said.
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Motilal Oswal is bullish on Titan Company recommended buy rating on the stock with a target price of Rs 4300 in its research report dated March 27, 2024.
Suparna Mitra, CEO of Titan Watches and Wearables, said that the wearables segment is expected to account for approximately 16-17 percent of its revenue in the segment this fiscal year
The acquisition, which is to be completed by March 31, would make CaratLane a wholly-owned subsidiary of Titan.
Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level
Prabhudas Lilladher recommended accumulate rating on Titan Company with a target price of Rs 3671 in its research report dated January 01, 2024.
Most analysts remained neutral on Titan, saying 20% topline growth appears strong in the current context. There are, however, some cautious voices. They point out that the competitive intensity remains high in the jewellery business.
Sharekhan is bullish on Titan Company Ltd has recommended buy rating on the stock with a target price of Rs 4112 in its research report dated January 08, 2024.
A couple of brokerages sees further upside in shares of Titan Company Ltd, even as the Tata group company stock delivered 50% return in the year gone by. The stock opened a percent higher in trade Monday.
A Moneycontrol analysis shows that eight Nifty stocks have outperformed the index five times, the highest, since 2016. These are L&T, Ultratech Cement, Titan, Bharti Airtel, Adani Ports, Tata Steel, Bajaj Finance and RIL