BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains hold on Titan Company
Titan's Q4 earnings were below estimates on all counts amid a weak macro, new regulatory controls for the jewellery business. Current valuation at 32.6 times FY18 estimated earnings per share appear fair and adequately factor in the inherent strength of Titan's franchise.