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.
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.
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
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