Quote on Titan Company is up ~8% by Mr. Amarjeet Maurya, Angel One Ltd
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Below is quote on Titan Company is up ~8% by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd
Today, Titan Company (TCL) is up ~8%. Stock is up mainly due to TCL recorded revenue growth of ~78% yoy in 1QFY22. TCL is targeting to gain market share in the Jewellery segment due to strong focus on wedding segment, huge scope for store expansion (40-50 stores every year), and gold harvest & gold exchange schemes. Further, the shift from unorganized (currently 70%) to organized (currently 30%) in the Jewellery segment will benefit branded players like Titan due to strong brand positioning and superior quality. Thus, we are positive on stock.
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