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Titan Share Price Target: Tata stock falls 8% after PM Modi's Gold appeal - Brokerages review jewellery stock post Q4

Titan Share Price Target: Tata stock falls 8% after PM Modi's Gold appeal - Brokerages review jewellery stock post Q4

ETNow.in 2 weeks ago

Titan Share Price Target: The stock of jewellery and watchmaker Titan Company, fell over 8 per cent on Monday (May 11), despite the Tata company on Friday reporting a 35.36 per cent increase in its consolidated net profit to Rs 1,179 crore for the March quarter of FY26. On BSE, the stock fell to Rs 4,151.40, over 8.02 per cent dowm from its previous closing of Rs 4,513.40. The stock price movement is seen a day after stressing the need to save foreign exchange due to the crisis, PM Modi called for postponing the purchase of gold and foreign travel for one year.

Jewellery stocks faced heavy selling pressure on Monday, with Sky Gold and Senco Gold tumbling over 10 per cent.

Analysts believe the government is attempting to discourage non-essential gold imports at a time when rising crude oil prices are already expected to widen India's trade deficit and increase pressure on the current account deficit.

Meanwhile, several brokerages reviewed the stock post the Q4 results.

Titan Company Share Price Target 2026

  • Brokerage firm Nuvama has maintained buy rating on Titan Company with a target price of Rs 5,240 (Rs 4,926 earlier)
  • Morgan Stanley maintained Overweight rating with target price of Rs 5,212 vs Rs 5,102
  • Bernstein maintained Outperform rating with target price of Rs 5,000.
  • Centrum maintained Buy call with target price of Rs 5,400.
  • Emkay maintained Add with target price of Rs 5,350

Titan Q4 Results FY26

  • The company posted a net profit of Rs 871 crore in the January-March quarter a year ago, according to a regulatory filing by Titan.
  • Its sales surged 48.28 per cent to Rs 20,607 crore in the March quarter of FY26, which, according to Titan, is "one of the strongest quarterly performances in the company's history".
  • Total expenses of Titan jumped 85.16 per cent to Rs 25,579 crore in the March quarter.
  • For the entire FY26, Titan's profit surged 52 per cent to Rs 5,073 crore. It was Rs 3,337 crore a year ago.
  • Its consolidated sales in FY26 advanced 34.4 per cent to Rs 76,797 crore.
  • Titan's total consolidated income rose 44.62 per cent to Rs 88,136 crore for the financial year ended on March 31, 2026.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

Read more news like this on www.etnownews.com

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Disclaimer: This content has not been generated, created or edited by Dailyhunt. Publisher: ET now