Morgan Stanley maintains an “Equal-weight” rating for Titan, with a target price of Rs 3570.
There is an 80% chance of the share price rising in the next 15 days.
Revenue in the jewellery segment is expected to grow 16% year-on-year, supported by a demand boost in July due to the duty cut.
The high base effect is influenced by the delayed Pitru Paksh in October last year.
The company is seeing an improvement in growth momentum.
I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire. I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world. I also have a software company and take an active interest in technology, software, AI, digital products, and new business ideas. As an investor, I’m interested in discovering and investing in promising businesses and startups. I look for good ideas, strong founders, practical business models, and opportunities with long-term potential. I enjoy building businesses, learning about new industries, and connecting with people who are working on interesting ideas and opportunities. Advocate | Entrepreneur | Investor | Founder & Editor-in-Chief, BigBreakingWire
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