Downgraded Titan Company to 'Hold' from 'Buy' following a sharp recent run-up, while raising its target price from ₹5,030 to ₹5,241, implying a 6% upside. The brokerage tweaked FY27/28 revenue and PAT estimates slightly, highlighting risks from potential customs duty reduction, macro deterioration impacting discretionary spending, and gold price volatility.

Nuvama Analysis’s track record: 4 graded calls · 95% CI 15–85%

Titan CompanyNeutralCalled 10 Aug 2026
Verdict:PENDING

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