Titan share price hits new high; global brokerages give 'buy' tag to Rekha Jhunjhunwala portfolio stock post Q1 update
New Delhi, July 7 -- Titan Company shares climbed nearly 4% to hit a record high of Rs.4,655.90 after the Tata Group company, which is also part of Rekha Jhunjhunwala portfolio, reported a stronger-than-expected business update for the June quarter. The robust operational performance prompted multiple brokerages to reiterate their bullish stance on the stock.
Titan reported 41% year-on-year (YoY) growth in its consumer businesses during the first quarter of FY27, driven by strong demand across jewellery, watches, eyecare and emerging businesses. Its domestic business grew 37% YoY, while international operations surged 128% YoY. Titan also expanded its retail footprint by adding 77 stores during the quarter, taking its total retail networ...
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