Titan Company receives upgrade from Credit Suisse

Credit Suisse expects its stock target to rise to Rs.310
Titan Company receives upgrade from Credit Suisse

Following Credit Suisse upgrading Titan Company’s stock to outperform from neutral, the shares of the company rose by 1.4 percent in the morning trade, reports say. Also, the stock target was raised from Rs 250 to Rs 310, basis an expectation that gold regulations would ease in 6 months to the year, with the country’s current account deficit being eased and the government agreeing to relax gold import norms, reports add.

Basis the outlook of Credit Suisse, Titan could expect an increase in its jewellery and watch segment demand, reports say.

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