Titan Company Ltd. Records Rs. 18.47 Crore Block Trade on NSE at Rs. 4208.90 Per Share
Titan Company Ltd. recorded a block trade on the NSE totalling Rs. 18.47 crores, with approximately 43,888 shares transacted at Rs. 4208.90 per share. Such block trades are executed through a dedicated exchange window by large institutional participants, including mutual funds and foreign portfolio investors, to avoid disrupting prevailing market prices.
Morgan Stanley Maintains Overweight Rating on Titan with ₹5,102 Target Price
Morgan Stanley maintains Overweight rating on Titan Company Limited with ₹5,102 target price, citing preference for discretionary retail stocks amid geopolitical volatility and inflation. The brokerage views Titan as relatively insulated from market headwinds and expects strong FY27 growth levers to drive performance.
Titan Company Sees Rs. 22.13 Crore Block Trade on NSE at Rs. 4394.40 Per Share
Titan Company Limited recorded a significant NSE block trade worth Rs. 22.13 crores involving approximately 50,352 shares at Rs. 4394.40 per share. The transaction indicates substantial institutional activity and represents strategic portfolio movements by large investors through the block trading mechanism.
CLSA Raises Titan Target Price to Rs 4996 on Strong Q4FY26 Sales Growth
CLSA has raised Titan Company's target price to Rs 4996 from Rs 4674, maintaining its Outperform rating following strong 4QFY26 sales growth of 43% year-on-year. The jewellery segment led the performance with exceptional growth of 57.6%, prompting the brokerage to upgrade EPS estimates by 5-6%. Despite slight margin compression to 10.4% due to discounting strategies, CLSA remains optimistic about the company's growth prospects and market position.
Titan Company Reports Strong Q4 Growth, Plans Expansion Amid High Gold Prices
Titan Company announced a 19.40% revenue growth and 13.00% profit increase in Q4. The company plans to add 40-50 new Tanishq stores by FY2026. High gold prices have shifted consumer preferences towards higher-priced, simple design jewelry. Titan introduced a 9-carat collection on Caratlane to cater to price-sensitive customers. The company faces challenges from increased gold-on-lease rates, but these are beginning to stabilize.