Jewellery stock to BUY: THIS Tata group’s multibagger stock could outperform peers, offers 30% upside – Markets

Jewellery stock to BUY: THIS Tata group’s multibagger stock could outperform peers, offers 30% upside - Markets


Titan Share Price Target: The stock of Tata Group’s flagship company, Titan Company, has received a ‘Buy’ call from brokerage firm Motilal Oswal Financial Services. However, despite the bullish outlook, the brokerage has trimmed its price target for the company by around 3 per cent, while still implying an upside potential of nearly 27 per cent.

Titan Share Price Target 2026The domestic brokerage firm has reduced the target price on the stock from Rs 5,300 to Rs 5,150, which suggests an upside of 26.6 per cent from the current market price.

As of 11:00 am, shares of the jewellery-focused company were trading 0.7 per cent, or Rs 29, lower at Rs 4,073. The stock had earlier touched an intraday low of Rs 4,051, reflecting a decline of 1.2 per cent. (Titan Share Price)

Overall, MOSL remains positive on Titan Company, citing its strong competitive positioning and consistent outperformance compared to other branded players.

The brokerage believes structural growth drivers and increasing formalisation in the jewellery market continue to create significant opportunities for the company. It also noted that Titan’s multi-format retail strategy provides ample room for store and customer expansion.

MOSL highlighted EBIT growth as a key monitorable, while the company’s hedging strategy offers comfort amid gold price volatility. Although EPS estimates have been trimmed by 2 per cent for FY27 and 1 per cent for FY28 due to higher customs duty, the brokerage believes Titan is well-equipped to navigate the situation by exploring alternative gold sourcing avenues.

Titan Stock Performance

In terms of performance, Titan Company has emerged as a multibagger stock for long-term investors, delivering stellar returns over the years despite short-term volatility.

While the stock has declined nearly 10 per cent over the past month, its long-term performance remains impressive. Titan has gained more than 50 per cent in the last three years and surged nearly 166 per cent over the past five years.

Over the last decade, the stock has skyrocketed more than 1,000 per cent, making it a significant wealth creator for investors. The company’s strong brand positioning, expanding retail footprint, and sustained growth in the jewellery segment continue to support its long-term growth story.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *