Tag Archives: clsa

Macquariehas maintained its ‘outperform’ rating on Titan with a target price of Rs 4,000. Analysts said that the company in the Jan-March period reported healthy jewellery sales growth that was above estimates. The growth was led by double-digit growth in ticket size with single-digit buyer growth. They said Titan’s healthy growth in Q4 was encouraging and enhances confidence in their …

CLSA has a ‘hold’ recommendation on Voltas with a target price of Rs 1,375. Analysts said that the company indicated encouraging secondary sales ahead of peak summer season on a high base while the market share losses early this year have been more due to seasonality and geographical presence. The company expects to continue to grow ahead of the industry …