Buy Titan Company Ltd., target Rs 425.0 : JM Financial

JM Financial has Buy call on Titan Company Ltd. with a target price of Rs 425.0. The current market price of Titan Company Ltd. is 412.0. Time period given by analyst is year, when Titan Company Ltd. price can reach defined target. JM Financial justified the rating citing that the company's Q1 topline looked weak at first glance but management al luded to a much stronger underlying performance in Jewellery ex the once-off factors. The brokerage said the key negative was that and intrinsic growth was weak or absent