Titan Company experienced a market cap decrease of ₹3,136 crore, bringing its total market cap to ₹2,79,499 crore as of Friday’s close. The last traded share price on Friday was ₹3,186.25, reflecting a weekly decline of approximately 1.11% from Monday’s close of ₹3,222.00.
Investec has maintained its hold rating on Titan, adjusting the target price from ₹4,100 to ₹3,822, indicating an 18% potential upside from the current market price. Titan’s Q2 performance fell below estimates, even after adjusting for inventory impacts related to the customs duty cut.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
