Jewels, Watches, and a Stock on the Move—Titan Turns Heads

Titan Company is back in the spotlight as analysts flag it as a top near-term pick, thanks to a strong combination of festive demand and rising open interest. Shivangi Sarda, Technical and Derivatives Analyst at Motilal Oswal, noted that Titan has seen a sharp rally supported by heavy volumes and a notable increase in open interest—typically a sign of fresh long positions being built.

 

Key highlights:

 

- Titan’s stock has gained over 20% in the past 2.5 months, rebounding from its April lows.

- The current price action is supported by both institutional and retail buying, with the stock nearing ₹3,520.

- Sarda suggests a short-term target of ₹3,820 over the next 2–3 weeks, citing strong technical momentum.

- The festive season is expected to boost jewellery and watch sales, Titan’s core segments.

- Expansion of Tanishq and Fastrack stores in Tier-2 and Tier-3 cities is also driving investor optimism.

 

The company’s fundamentals remain solid, with a high P/E ratio reflecting long-term investor confidence. Analysts believe Titan is well-positioned to benefit from improving discretionary spending and rural demand recovery. However, some caution that the stock may face resistance near its all-time high of ₹3,867.

 

Outlook: If the current momentum holds and festive sales meet expectations, Titan could break past key resistance levels. For traders and short-term investors, the setup looks promising—but keeping an eye on volume and delivery ratios will be key.

 

Sources: Economic Times, HDFC Sky, Motilal Oswal