Titan, a Tata Group Company has received a ‘Buy’ signal from Motilal Oswal Financial Services stating that it has immense growth potential.
Buy signal
Titan is also the largest portfolio holding of Rekha Jhunjhunwala. She holds a 5.37% stake in the company worth Rs. 17,930 crore
The Jhunjhunwala connection
Titan is expected to reach Rs. 4300, which is 14% upside. The stock was trading at Rs. 2500 in March 2023 and is currently around Rs. 3800.
Price target
The main growth reasons are an increase in the urban population, Titan’s multiple jewellery brands, changes in consumer preferences, and a rise in the young or women workforce.
Growth factors
At present Titan holds 8% market share worth Rs. 5 trillion.
Market share
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