BUZZ-India's Titan Company set to snap seven-year gaining streak
ReutersDec 31, 2024 7:29 AM
** Titan Company TITN.NS drops 0.5%, extending yearly loss to 11.9%; set to snap seven straight years of gains
** Stock set for fifth straight session of losses; among worst performers on Nifty 50 index .NSEI, which is up 8.6% YTD
** Tata group-owned co's Q1 sales impacted by higher gold prices
** Q2 margins impacted by custom duty cut on gold as TITN already had inventory purchased before the cut in import taxes
** Stock rated "buy" on avg; median PT is 3,600 rupees - LSEG
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
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