Titan: Titan plunges 7.2% on profitability worries, analysts cut price targets
Mumbai: Shares of Titan Company plunged 7.2% Monday after fourth-quarter results showed profitability is under pressure. Most analysts trimmed their price targets on the stock, but the forecasts still imply upside of 8-22% over Monday’s closing price of ₹3,281. Analysts said rising gold prices could dent demand for Titan’s products. “There is a notable and … Read more
