Goldman Sachs has maintained its ‘Buy’ rating on Titan Company with a target price of ₹3,900, indicating a potential upside of up to 21% from the current market price of ₹3,230.50.
The brokerage notes that jewellery growth remains strong, despite sharp inflation in gold prices. While gold leasing costs have increased and there is a temporary supply shortage, Goldman Sachs believes these issues are transient and will only have a marginal adverse impact on the company.
Titan’s strategic focus on EBIT growth rather than just EBIT margins is also highlighted as a key driver. The brokerage points out that the gap between consolidated and standalone margins is narrowing, signaling improved profitability across its business segments.
Disclaimer: The above stock update is based on brokerage reports and company announcements. Investors are advised to conduct their own research and consult with a financial advisor before making any investment decisions.
