New Delhi, June 5 -- Jewellery stock Titan edged higher on Thursday, 5 June, after global brokerage firm JP Morgan remained bullish on the Tata Group stock. The stock opened at Rs.4,269 apiece today, as compared to the previous close of Rs.4,231 on Thursday.

JP Morgan has maintained its 'overweight' rating on the jewellery stock, with a target price of Rs.5,400 per share.

"Near-term demand indicators are also constructive: buyer growth reportedly rebounded in Q4, attributed to customers re-entering amid rising gold, wedding purchase advancement, and improved studded traction," the firm said.

The brokerage noted that near-term demand trends remain encouraging, with customer growth recovering in the fourth quarter as buyers returned amid...