Titan Q1 Net Profit Soars 62.8% to Rs 1,777 Cr
I have had Titan shares with me since Covid hit, bought them at around 832 rupees and then started gradually adding more, though I do not have that qty that I wish I had taken when the price was down. Today after its astounding results in Q1, the only guilt that I have is that I should have added more when it was in that 850-1000 range.
Over the next six months, I think there are two realistic scenarios:
Bull case: Strong festive demand and continued jewellery growth could push the stock towards ₹5,300-₹5,600.
Bear case: If the market decides the valuation has become too stretched, or we see broader profit booking in large-cap consumer names, I wouldn't be surprised to see Titan revisit the ₹4,500-₹4,700 zone before resuming its long-term trend.
Personally, I am not selling. If anything, a correction would probably be my opportunity to add more. and Yes, I am always left thinking why doesnt Titan give any bonus shares. That would be so nice.