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Titan Stock Focus: 3 Brokerage Houses Issue Buy Ratings With Targets
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CNBC Awaaz•07-10-2026, 08:37
Titan Stock Focus: 3 Brokerage Houses Issue Buy Ratings With Targets
- •CLSA has given an Outperform rating on Titan with a target price of Rs 5590 citing strong domestic jewelry business growth.
- •HSBC maintained a Buy rating on Titan with a target price of Rs 5510 despite lower than expected second-quarter sales.
- •JPMorgan kept a positive stance with a target price of Rs 5540 while noting weaker customer growth and softer demand in September.
Key Questions Answered
CLSA has given an Outperform rating with a target price of Rs 5,590, HSBC has maintained a Buy rating with a target price of Rs 5,510, and JPMorgan maintains a positive stance with a target price of Rs 5,540.
Titan's domestic jewelry business registered a year-on-year growth of 21 percent in the second quarter of FY2027, which exceeded the estimated 19.3 percent.
The lower-than-expected second-quarter sales and weaker customer growth were partly attributed to lower gold coin sales, lower customer growth, and the shift in the timing of festive shopping from the second quarter to the third quarter.
