The share price of Titan jumped over 4% in early trade today. This surge in share price was in response to the company’s second-quarter business update. Titan’s domestic jewellery segment reported 19% year-on-year growth.

Let’s take a look at what is the brokerages say on this stock

Motilal Oswal on Titan

Motilal Oswal maintained a buy rating on Titan, setting a target price of Rs 4,150. This implies an upside of 21%. The brokerage noted, “In 2QFY26, the domestic jewellery business delivered 19% growth YoY (excl. bullion) vs estimated 14% YoY, 17% in Q1FY26 and 26% in Q2FY25.”

Surging gold prices increased ticket sizes, while early festive demand and marketing initiatives like the exchange offer helped sustain sales. CaratLane grew 30% YoY, and the like-for-like growth for Tanishq

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