Titan hits 52-week high as Q1 results trigger analyst upgrades
The rally comes a session after the company reported its first-quarter earnings for FY2026-27, with multiple brokerages raising price targets and earnings estimates.
Titan Company's shares reached a new 52-week high of ₹5,083.80 on Monday, up 2.55 percent after the firm released its first-quarter earnings for FY2026-27. Analysts at various brokerages raised price targets and earnings estimates following the positive results. Trading volume was robust, with 14.24 lakh shares exchanged worth ₹714.65 crore by mid-morning, with 54.75 percent of the trading volume coming from buy orders.
Titan's total market capitalization now stands at ₹4,50,294 crore, with the stock trading at a trailing PE of 76.16. The company's consumer businesses saw a 40 percent year-on-year growth, while domestic jewellery income increased by 38 percent to ₹16,943 crore. TEAL, Titan's engineering subsidiary, grew 43 percent to ₹438 crore.
The Damas business, operating in six GCC countries, reported a loss due to regional geopolitical challenges. While most analysts were upbeat about the Q1 results, Jefferies maintained a Hold rating at ₹5,000, citing some softness in plain gold jewellery sales.
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