Motilal Oswal has given Buy on the stock with a revised price target (PT) of recommendation for Titan Company with a target price of Rs. lal Oswal is bullish on Titan Company has recommended buy on the stock with a revised price target (PT) of Rs. 2,900 in its research report issued on Feb 03, 2022

Outlook

The Jewelry segment continues to report impressive share gains across large parts of the country; nonetheless, the runway remains long, with less than 10% market share. Impressively, in the absence of any material movement in gold prices in the past year, the mid-30s retail jewelry sales growth was entirely volume-led, and new customer additions continue to be impressive. As the sales momentum remains strong and the share of Studded Gold returns to earlier levels, the earnings growth outlook remains attractive. Maintain BUY.

Leave a Reply

Your email address will not be published.