In the current market, any stock that delivers positive returns stands out. Rising oil prices, higher US bond yields and rising interest rates in India have weighed on equities, with the NSE Nifty down 15% year to date.
Titan has bucked the broader market trend. The stock has delivered returns of 10% year to date and 23% over the past year.
The question is whether Titan can sustain this performance over the next five years. Before examining the factors that could shape its stock performance, let’s take a closer look at the company.
Titan Co. Ltd, part of the Tata Group, is a leading Indian lifestyle company and a market leader in branded jewellery.
Its flagship jewellery brands include Tanishq, CaratLane, Mia, and Zoya, while its watch portfolio features Titan, Sonata, Fastrack, and Nebula. The company also operates Titan Eye+ in eyewear, SKINN in fragrances and Taneira in ethnic wear.