Titan gains 3%, hits nearly five-month high on decline in gold prices | News on Markets

Shares of Titan Company surged 3% to a nearly five-month high of Rs 3,730 on Thursday, driven by expectations of improved consumer demand due to soft gold prices. The stock rebounded 18% from its 52-week low, with strong trading volumes. Despite weak operational performance in Q1FY25, the company remains optimistic about long-term benefits following the reduction in custom duty on gold imports. Analysts highlight potential growth opportunities in store count, market share gains, and international expansion, maintaining a positive outlook on the stock with target prices ranging from Rs 3,860 to Rs 4,337.

Source link