Titan hits over 4-month high on expansion plan; stock zooms 11% in 1 month

The company's strong growth outlook, industry tailwinds in the medium term and strong balance sheet makes it a best play in the retail space

Shares of Titan Company (Titan) hit an over four-month high of Rs 2,555, gaining 4 per cent on the BSE in Friday's intra-day trade as the Tata Group's jewellery company mulls expansion plan in the US. The stock was trading at its highest level since April 6, 2022. It hit a 52-week high of Rs 2,767.55 on March 21, 2022.

As per media reports, Titan is planning to take its jewellery brand Tanishq to the US and other West Asian markets as part of its long-term strategy to tap into the demand from large Indian diaspora and Non-Indian Resident