Technical analyst Rajeev Agarwal has maintained 'buy' rating on Titan Industries Limited stock with a target of Rs 3600.

The analyst said that the stock can be purchased with a stop loss of Rs 3400.

The stock of the company, on December 27, closed at Rs 3477.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 4244 and a low of Rs 1375.05 on BSE.

Current EPS & P/E ratio stood at 75.60 and 45.99 respectively.

Titan Watches, Titan Industries Ltd's watch segment, is making big investments in Sonata.

The company is anticipating distribution in the rustic regions, promoting it more, and rolling out fresher models at a lower price Rs 275 to woo clients to shift from non-branded watches.

Harish Bhat, chief operating officer, Titan Watches, said, "Most of the growth in watches today is in the mass-market. The premium segment is still a very urban phenomenon. Sonata is a very strong brand and it can take any competition head-on because it is a Tata product."

Titan Industries introduced Sonata in the year 1997 at Rs 500.

The company re-launched its brand again, eyeing at younger consumers, and appointed cricketer M S Dhoni as brand ambassador.