Nomura raises target price of Rekha Jhunjhunwala-owned Tata stock that's up 15% this year

Nomura has raised its target price for Tatas Titan Company to Rs 4,500, citing strong demand and festive-season jewellery sales. The stock has gained 15% this year. Titan reported 22% revenue growth in Q2 FY26, with jewellery sales up 18.8%. Margins remain steady despite gold price pressure, though risks exist from high gold prices and competition. Nomura forecasts strong earnings growth at a 24% CAGR through FY28.