Morgan Stanley Maintains Equal-Weight on Titan, Sees 80% Chance of Price Rise with 16% Jewellery Growth

Morgan Stanley maintains an “Equal-weight” rating for Titan, with a target price of Rs 3570.

There is an 80% chance of the share price rising in the next 15 days.

Revenue in the jewellery segment is expected to grow 16% year-on-year, supported by a demand boost in July due to the duty cut.

The high base effect is influenced by the delayed Pitru Paksh in October last year.

The company is seeing an improvement in growth momentum.