Titan Share price: Sharekhan maintains Buy recommendation with revised price target of Rs 1710
Titan retained a strong festive momentum with the jewellery business growing by 15% in Q3 FY21. Strong traction was seen in wedding jewellery purchases with a higher ticket size with a rise in wedding purchases and soaring gold prices. Titan to benefit from people shifting to trusted brands and market share gains. This, along with a relatively stable balance sheet and strong return profile, makes it a better play in the retail space. Sharekhan maintains Buy recommendation on Titan with revised price target of Rs 1710.
The highlight of the quarter was good recovery witnessed in store walk-ins and pick-up in sales in metros and top cities: Reuters