Titan shares dropped over 2% after Macquarie slashed its target price to ₹4,000 while maintaining an ‘Outperform’ rating. The brokerage cited concerns over rising lease costs, potential gold price inflation, and policy uncertainties linked to Donald Trump’s tariff decisions. As of 9:47 AM, the shares were trading 1.36% lower at Rs 3,040.05.
Macquarie highlighted that lab-grown diamonds (LGDs) are a long-term industry trend, but adoption remains gradual. Titan’s cautious approach—waiting for stronger consumer acceptance—has been viewed positively.
Despite near-term challenges, Titan retains a competitive edge over smaller jewellery players, who may struggle with increasing gold lease costs. The company’s strong brand presence, operational efficiency, and diversified product portfolio position it for sustained long-term growth.
Titan’s stock opened at ₹3,050.00, reaching a high of ₹3,061.95 and a low of ₹3,017.00. The current low matches its 52-week lowest of ₹3,017.00, while the 52-week high stands at ₹3,867.00.
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