Titan shares jump 3% as Macquarie maintains ‘Outperform' rating with target price of Rs 4,150
By Aman Shukla Published on June 25, 2025, 11:58 IST
Titan shares jumped 3% after Macquarie reiterated its 'Outperform' rating on the stock with a target price of ₹4,150. As of 11:55 AM, the shares were trading 3.26% higher at Rs 3,640.90.
The brokerage expects strong jewellery demand to drive growth in the June quarter, and believes EBIT margins in the segment likely bottomed out in FY25. Macquarie is projecting over 20% year-on-year growth in both jewellery sales and EBIT for the quarter.
Titan shares opened at ₹3,550 and, at the time of writing, touched a high of ₹3,643.10 during the day, while the low remained at ₹3,550. The stock continues to trade in an upward range, staying close to its 52-week high of ₹3,867.00. The 52-week low stands at ₹2,925.00.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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