InvestorQ : Why has the stock of Titan scaled up so sharply in the last few days?
ishika Banerjee made post

Why has the stock of Titan scaled up so sharply in the last few days?

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3 weeks ago
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Titan has rallied sharply in the last few days to scale to Rs.1,614 levels, almost close to its all-time high price of Rs.1620. There has been a virtual re-rating of the stock after the stellar results announced in the Mar-21 quarter. It has gained nearly 6% in the last 2 days. From the recent lows of Rs.1400, the stock has already rallied close to 15%.

Titan had reported 61% growth in sales in the Mar-21 quarter. Most brokers are expecting that the revenge buying from pent-up demand factor will surely work in favour of Titan in the second half of the fiscal, although short term headwinds cannot be totally ruled out. Titan has one more advantage. It is also emerging as a structural play a proxy for the inevitable shift from the unorganised to organised sector, which started with GST.
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