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Titan Stock Soars: 8-Week Winning Streak!
21 Nov
Summary
- Titan stock achieved an 18% gain over eight weeks.
- Market capitalization increased by ₹51,212 crore.
- Jewelry segment revenue grew 21% year-over-year.
Titan has achieved an extraordinary eight-week winning streak, pushing its stock up by 18% to ₹3,904 and significantly expanding its market capitalization to ₹3.46 lakh crore. This sustained performance demonstrates strong investor confidence in the Tata Group's prominent jewelry and eyewear brand. Despite broader market volatility, Titan's stock reached a new record high, underscoring its robust financial health and market position.
The company's recent Q2FY26 results exceeded analyst expectations, contributing to a positive outlook. The jewelry division, comprising over 80% of revenue, reported a 21% year-over-year growth, driven by strong domestic sales and impressive performance from brands like Tanishq and CaratLane. Titan's strategic move to acquire a controlling stake in Damas Jewellery in the GCC region further signals its expansion ambitions.
Emerging businesses, though still reporting losses, have shown a narrowing deficit. Over the long term, Titan has delivered exceptional returns, multiplying investor wealth significantly. Retail shareholders and mutual funds maintain substantial stakes, reflecting continued trust in the company's fundamentals and future prospects.
