Titan share price target: Titan shares gained on Monday, June 3 after global brokerages revised their targets on the Tata group jewellery and watchmaker. Halting the three-day declining trend, Titan shares rose as much as 2.8 per cent to the day's high of Rs 3,332.95 on NSE in early morning deals amid broad-based buying on D-Street. The counter closed at Rs 3,260, up 0.56 per cent on NSE.

Titan share price target: Should you buy, sell or hold?

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Macquarie has continued with an outperform rating on Bengaluru-headquartered Titan—whose popular brands include Fastrack, Sonata, Octane, Tanishq, CaratLane, Zoya and EyePlus with a target of Rs 4,000 apiece.

Global brokerage Goldman Sachs has maintained a buy call on the counter. The brokerage, however, has reduced the target to Rs 3,800 apiece from Rs 3,950 earlier.

CLSA too has maintained a buy call on the Tata group stock with a reduced target of Rs 4,045 apiece.

Meanwhile, Jefferies has retained a hold call with a target of Rs 3,600 apiece. JP Morgan has maintained an overweight rating with a target of Rs 3,850 apiece.

Titan Q4 results: How did Titan fare in March quarter?

Titan reported a 7.1 per cent year-on-year increase in net profit to Rs 786 crore for the January-March period, over revenue growth of 17 per cent. Analysts had estimated the Tata group jewellery and watch maker's quarterly net profit at Rs 799 crore, according to a Reuters poll. 

Analysts and traders said increased gold prices could dull demand during the wedding season in the country, forcing many retailers to offer large offers to lure customers.

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