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Last Updated : May 09, 2019 04:46 PM IST | Source: Moneycontrol.com

Buy Titan Company; target of Rs 1260: Sharekhan

Sharekhan is bullish on Titan Company has recommended buy rating on the stock with a target price of Rs 1260 in its research report dated May 08, 2019.

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Sharekhan's research report on Titan Company


During Q4FY2019, Titan once again witnessed strong performance, with 20% revenue growth and 30% growth in adjusted PAT, led by strong operating profit and higher other incomeDuring Q4FY2019, Titan once again witnessed strong performance, with 20% revenue growth and 30% growth in adjusted PAT, led by strong operating profit and higher other income. FY2020 started on good note, with jewellery business registering 20% growth in 40 days of operations, indicating another good year of growth for the company. The jewellery business grew by 20%; Watches and eyewear business to see improvement in profitability.


Outlook


Titan remains one of our top picks in the discretionary space. We maintain Buy with a revised PT of Rs. 1,260.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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First Published on May 9, 2019 04:46 pm
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