Macquarie favours India's Titan on rising gold costs, lab-grown diamonds' prospects
ReutersMar 4, 2025 7:05 AM
Brokerage Macquarie calls Titan TITN.NS its preferred pick in Indian consumer space
TITN down 1.7% on the day amid weak broader markets .BO
U.S. President Donald Trump's tariff plans have spurred demand for physical gold in U.S. and have resulted in higher gold lease costs - Macquarie
TITN to have a competitive edge as gold lease costs lower for co vs smaller rivals, says Macquarie
Adds, brokerage "gains comfort" in TITN's willingness to enter the lab-grown diamonds space once adoption picks up
Avg rating on TITN at "buy", median PT at 3,854.50 rupees - data compiled by LSEG
Stock down 7% YTD vs benchmark Nifty 50's .NSEI 6.7% decline
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