Rakesh Jhunjhunwala stocks: Global brokerage house Macquarie has maintained an outperform rating on Rakesh Jhunjhunwala's gems and jewellery stock. The brokerage firm has set a target price of Rs 3000 for Tata Group stock Titan. At Monday's closing price of Rs 2100 per share, the upside seen Titan is over 42% from current levels.  

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However, Credit Suisse maintained a neutral view on the Tata Group stock with a target price of Rs 2600, an upside of 23% on Tuesday's closing basis.  

Fondly called the Big Bull of the Indian stock market, Jhunjhunwala holds 5.1% stake in Titan. As per the shareholding patterns of the Tata Group company, the billionaire investor holds 44,850,970 shares of the company. This also accounts for his major chunk of the portfolio in terms of value. The value of Titan stocks held by the celebrity investors stands around Rs 9495 crore as on June 15.  

Earlier, domestic global brokerage firm Sharekhan in its report on May 20 has maintained a buy rating on Titan with a target price of Rs 2900, saying the Tata Group company is aiming to grow its revenue at CAGR of over 20% over FY2022-27 on back of its ambitious growth plan in the medium term.  

"This along with consistent improvement in margins will help cash flows to improve strongly in the coming years. FY2023 will be a strong year for the company on back of low base in the core businesses," the brokerage had said. 

Earlier, Titan, in its annual analyst conference, has outlined the company’s ambitious growth outlook for the next five years with an aim to achieve strong double-digit growth driven by strengthening core businesses andscale-up in the new ventures with efficient capital allocation. 

The management of Titan aims at growing jewellery business by 2.5x by FY27, watches to reach Rs. 10,000 crore business by FY26, scale-up in eyecare business while some of new ventures such as ethnic wear, bags and international business to cross Rs. 1,000 crore of revenues by FY27.