Titan shares drop 4% on lower than expected Q2; here’s what brokerages say
Motilal Oswal, Nuvama, and Emkay have retained buy call on ‘Titan’, while ICICI Securities maintained a ‘Hold’ rating on the Tata Group stock.
Motilal Oswal, Nuvama, and Emkay have retained buy call on ‘Titan’, while ICICI Securities maintained a ‘Hold’ rating on the Tata Group stock.
Titan Company reported Q3 FY23 profit at ₹913 cr. The rise in the stock price can be attributed to strong underlying demand trends across divisions.
The Tata Group company’s stock jumped after the company said its total sales in the June quarter of FY23 grew 205% on yearly basis due to the low base effect.