4/3/2025, 2:47:02 pm

Titan shares slip as Macquarie lowers price target, cuts estimates

Titan shares fell 2% on March 4 after Macquarie cut its price target by 4% to Rs 4,000, citing near-term headwinds from rising gold prices impacting jewelry demand. Despite this, Macquarie retained its 'outperform' rating. Higher gold prices, driven by market volatility, have hurt Titan's near-term growth, though Citi remains positive on Titan's long-term competitiveness in the consumer space.