India's Titan rises as UBS lifts price target, sees strong rebound

Titan

23/10/2025 06:05

** Shares of Titan Company  TITN.NS rise 1% to 3,771 rupees, highest since October 3, 2024

** UBS upgrades jewelry and watchmaker rating to "Buy" from "Neutral"; raise PT to 4,700 rupees implying 26% upside from last close

** Brokerage expects Titan to regain momentum in jewellery segment after two years of stagnation, citing strong consumer trust and scale

** Forecasts 25% jewellery revenue growth in FY26,sees structural upside in gold jewellery margins

** TITN rated "buy" by 35 analysts on average; median target price is 4,000 rupees – data compiled by LSEG

** Stock up 15.8% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))