Key Points
Mumbai: Analysts retained their bullish calls on Titan and raised price targets on the stock after India's largest branded jewellery maker reported a 25% jump in fourth quarter revenue (from operations) and 50% increase in net profit.. Shares of Titan surged as much as 1.5% in Thursday's trading before closing the day at 2,666.20 apiece on the NSE, up 0.46% from the previous close...
It sees a 23% upside potential from the current levels..
CLSA also raised its price target after seeing comprehensive growth across Titan's business segments...
Other brokerages like Kotak Institutional Equities, BNP Paribas Asia, JM Financial Institutional, and Motilal Oswal also raised their price targets...
Consensus price target on Titan's stock rose by 3.56% following fourth quarter earnings to 2,956.14 per share, Bloomberg data showed...
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