Titan stock outlook by Motilal Oswal: Buy for 20% upside; check share price target - 'Growth runway remains long'
New Delhi, Sept. 11 -- Titan Company Limited stock remained under pressure during Friday's intraday trading session, extending its long-term correction over the past one month. The Tata Group company is likely to outperform its peers given its strong position in the market. Stability in the gold prices can further improve the margin visibility for the company, highlighted Motilal Oswal in its report, which sees around 20% upside in the jewellery stock.
A bellwether in the jewellery industry, Titan Company, is expected to remain among the top players, supported by its strong historical execution track record. The jewellery major is well positioned to benefit from the industry's constructive growth outlook, as per the brokerage report.
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