Morgan Stanley retains overweight tag on Titan, upgrades target to Rs 720

In the Mumbai bullion market, the yellow metal saw a gain of rs 19 in prices to Rs 38,450 per 10 gram of 24-carat gold (plus 3 percent GST), on the back of festive demand. (Image: Reuters)

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26 Aug, 2025 12:21

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Global research and broking firm Morgan Stanley has retained an overweight rating on Titan Company and has upgraded the stock price to Rs 720 per share.  The research firm believes that market share for the company will continue to gain going forward.

In Q1 of FY17, Titan Company reported a stellar performance with profit on standalone basis surging more than 106 percent to Rs 266.9 crore compared with year-ago quarter, backed by strong operational performance in jewellery as well as watch businesses. The bottomline was also supported by low base as Q1FY17 was hit by exception loss of Rs 95 crore.

On September 2017, in an interview to CNBC-TV18, Bhaskar Bhat, MD of the company said expectations are high for the festival season and sees a bright future for the eyewear business despite high competition.

At 14:31 hrs Titan Company was quoting at Rs 600.30, up Rs 17.60, or 3.02 percent. It has touched an intraday high of Rs 601.45 and an intraday low of Rs 589.50.