Morgan Stanley has reiterated its ‘Equal-weight’ rating on Titan, setting a target price of ₹3,570, which indicates a potential downside of around 5% from its current price of ₹3,782.95. The brokerage predicts an 80% probability of the stock’s price rising within the next 15 days.
Titan’s jewelry segment revenue is expected to grow by 16% year-on-year, boosted by demand due to the July duty cut and a favorable base effect from last year’s delayed Pitru Paksha.
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