Emkay Global Financial Services has issued a "REDUCE" rating on Titan Company, signaling caution for investors as growth momentum shows visible signs of deceleration.
Titan Company has once again showcased its resilience in the face of macroeconomic headwinds, reporting a strong Q4FY25 performance driven by robust value growth across its core segments.
Titan shares were trading firm at Rs 3,535 and the stock touched intraday high at Rs 3,576. The stock has offered 12 percent returns over the last 6 months and is close to its 52-week highs.
Emkay Global has reiterated its BUY recommendation for Titan Company with a revised target price of Rs 4,400, suggesting a 19% upside from the current market price of Rs 3,670.
Titan Company and Kalyan Jewellers reported strong performance during quarter ending September 2024. However, both stocks were trading over 2 percent lower in today's trading session.
