Titan in high growth phase, say analysts; upgrade earnings expectations

Analysts have upgraded the company's earnings for FY22 and FY23, pencilling in broad-based sales recovery

A strong recovery in demand in the July-September quarter (Q2FY22), supported by sales near pre-Covid levels, propelled shares of Titan Company to new record high on Thursday. The stock of the Tata Group firm surged 11 per cent to Rs 2,383 apiece on the BSE in the intra-day trade, taking its market capitalization (m-cap) beyond Rs 2-trillion mark.

The m-cap of the jewellery maker was at Rs 2.11 trillion at the end of the session and stood at 23rd position in the overall m-cap ranking, BSE data showed. The shares closed 10.6 per cent higher at Rs 2,376 per cent