Titan Company has been upgraded to BUY by Geojit Financial Services with a revised target price of ₹5,635, based on 63x FY28E EPS. The upgrade comes after Titan Co Ltd delivered exceptional Q1FY27 results, with consolidated revenue growing 29.3% YoY to ₹21,356 crore. The strong performance was driven by robust jewellery demand, retail expansion, premiumization trends, and higher buyer engagement across key brands. Jewellery segment revenue surged 42.6% YoY to ₹18,253 crore, propelled by festive/wedding demand, stable gold prices, buyer and ticket size growth, and attractive exchange-led proposition. Consolidated EBITDA surged 57.9% YoY to ₹2,890 crore with margin expanding 240bps YoY to 13.5%, while reported profit after tax increased 62.9% YoY to ₹1,777 crore.
According to Geojit Investments Ltd, three stocks have emerged as strong technical candidates for potential investments. Jyoti CNC leads with a target price of ₹885 and stop loss at ₹830, while RK Forge offers a target of ₹780 with stop loss at ₹732. ACI rounds out the recommendations with a target of ₹554 and stop loss at ₹494. As reported by Geojit, these stocks have shown encouraging technical patterns that suggest potential trend reversals and upward momentum.
According to Geojit's analysis, Jyoti CNC has demonstrated encouraging signs of trend reversal after breaking above a declining trendline and reclaiming its weekly Supertrend resistance. The stock is currently trading at ₹858 with a buy recommendation and target of ₹885. The breakout is supported by a strong weekly RSI reading near 60, indicating improving momentum and strengthening underlying demand. On the daily timeframe, the RSI has moved above its key moving average, reflecting a positive shift in short-term momentum, while the MACD is on the verge of a bullish crossover.
As reported by Geojit, RK Forge has resumed its upward trajectory after finding support at a rising trendline, reaffirming the strength of its prevailing uptrend. The stock recently broke out of a parallel consolidation range, indicating fresh buying interest and a continuation of bullish momentum. The monthly MACD has witnessed a bullish signal crossover, a development that often supports medium-term trend continuation. Momentum indicators remain favorable with the RSI maintaining a strong bullish structure and staying in an uptrend, suggesting potential for further upside.
According to Geojit's technical analysis, ACI is showing signs of recovery after a two-week corrective phase, with buying interest emerging from a key weekly horizontal support zone. The recent rebound suggests the stock may have formed a near-term base, while momentum indicators are beginning to improve. On the daily timeframe, the RSI has moved above its moving average, indicating a positive shift in momentum. Additionally, narrowing MACD histograms point to waning bearish momentum and increase the likelihood of a bullish crossover in the sessions ahead.
