Titan vs Kalyan Jewellers: Which Jewelery Stock Will Earn, Check Target And Return Estimates Before Investing

Titan vs Kalyan Jewellers

Best Jewelery Shares to Invest: Jewelery stock Kalyan Jewelers has given strong returns in the last 1 year. The stock has given 70% return in 1 year. At the same time, in this segment, the heavyweight share Titan Company has shown pressure in the last 1 year. Recently both have released their business update for the December quarter. There has been 12 percent growth in Titan’s revenue on an annual basis. On the other hand, the growth in the revenue of Kalyan Jewelers has been 13 percent on an annual basis. After the business update, brokerage houses are positive on both the stocks. At present, if you are thinking of investing in jewelery shares, then first see where you can get more returns.

Kalyan Jewelers

Brokerage house Centrum Broking has advised to invest in Kalyan Jewelers and has given a target of Rs 138. The current price is Rs 119, in this sense 16% return is possible in the stock. The stock has become strong by about 70 percent in 1 year. The brokerage house says that there is strong momentum in the domestic business of the company, supported by festive demand. At the same time, the Middle East business is also on the right track. Footfall at the company’s stores has increased in the December quarter, due to which the revenue growth was in double digits.

Management says operating momentum is strong and gross margin is expected to improve. Talking about the Middle East business, it is expected to grow by 24 percent on an annual basis. The management says that there is a target to start 11 new franchises in the non-south market in the next 3 months. There is a target to start 52 new showrooms in 2023. The overall brokerage is positive on the growth outlook of the company.

Titan Company

Brokerage house Centrum Broking has advised buy on Titan stock and has set a target of Rs 3115. In terms of the current price of Rs 2468, the stock can get 26% return. The brokerage says that apart from the jewelery business of the company, growth has been seen in every segment. In the festive season, the company has got new buyers, network expansion and strong marketing campaign is also benefiting. Tanishq has launched its first international store in the US. Titan added 111 new stores in Q3. The company’s sales are strong and the momentum is expected to continue.

Brokerage house Motilal Oswal has called for investment in Titan Company stock with a target price of Rs 3,080. The brokerage says that the growth visibility of the company is strong. The earnings of the company are continuously getting better. The company’s market share in the jewelery industry is currently less than 10 per cent, so the path is open for further growth. It will remain attractive for investors in the largecap segment. The outlook of the company is better in the long term.

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