Titan share price falls over 3% after weak Q2 results; Should you buy, sell, or hold the Tata Group stock?
1 month, 2 weeks ago

Titan share price falls over 3% after weak Q2 results; Should you buy, sell, or hold the Tata Group stock?

Live Mint  

Titan share price declined over 3% on Wednesday after the company reported a sharp fall in net profit for the second quarter of FY25 impacted by a cut in customs duty on gold imports. Brokerages cut target Brokerages have reduced their target prices on Titan Company shares and also cut earnings per share estimates after weak Q2 results and margin guidance cut. Management commentary on demand was reasonably positive although cut in jewellery margin guidance would be viewed negatively partially due to weak demand for solitaire,” said brokerage firm Jefferies. We also lower our FY26/27 EPS estimates by 3.5%/1.9% to build in lower jewellery margins from higher competitive intensity, building in 11.5% EBIT margin for FY26/27 in jewellery vs 12% earlier,” said the brokerage firm.

History of this topic

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