Titan stock: Nomura keeps INR 5,425 target for Titan stock

Published on 10/16/2026 at 18:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Titan added 78 stores on October 6, 2026 in the second quarter. Titan stock costs INR 4,444.80 on October 16, 2026, down 0.25 percent on the NSE.

Broker view and trading metrics

Nomura retained its Buy rating and set an INR 5,425 target on October 7, 2026.
Titan added 78 stores in the second quarter of fiscal 2027, reaching 3,758 outlets.
Titan stock costs INR 4,444.80 at 3:28 p.m. IST on October 16, 2026, down 0.25 percent on the NSE.
Titan's market capitalization was INR 3.9 trillion on October 16, 2026.

Titan, INE280A01028, Illustration mit AI erstellt.

Nomura retained its Buy rating on Titan and kept a target of INR 5,425 on October 7, 2026, according to BusinessToday. The target stood 22.03 percent above Titan's NSE price of INR 4,444.80. Titan stock was down 0.25 percent on October 16, 2026, with the latest NSE quote timestamped at 3:28 p.m. IST.

Store growth reaches 3,758 outlets

Titan added 78 net stores during the second quarter of fiscal 2027, lifting its consumer retail network to 3,758 outlets in September 2026. NDTV Profit reported the update on October 6, 2026, when Titan also reported 25.00 percent growth across consumer businesses.

Jewellery grew 21.00 percent year over year in the September 2026 quarter, while watches increased 30.00 percent and EyeCare rose 28.00 percent, according to Business Standard. The mix gives investors a more detailed picture than the headline consumer growth rate alone.

Stock stays below its yearly high

Titan's latest NSE price of INR 4,444.80 sat within a 52-week range of INR 3,633.00 to INR 5,186.70 on October 16, 2026. It was 14.31 percent below the high and 22.33 percent above the low. Trading volume reached 577,526 shares, against an average volume of 766,853 shares.

Valuation and analyst target

Titan had a market capitalization of INR 3.9 trillion and a trailing P/E ratio of 68.51 on October 16, 2026. Nomura's INR 5,425 target from October 7, 2026 gives the stock a 22.03 percent distance to the target at the latest NSE price. The target is a valuation reference, not a forecast from this article.

Comparison with peers

Titan (NSE, INR): minus 0.25 percent, P/E 68.51, market capitalization INR 3.9 trillion

Trent (NSE, INR): plus 0.31 percent, P/E 64.31, market capitalization INR 1.6 trillion

Kalyan Jewellers India (NSE, INR): minus 0.15 percent, P/E 40.23, market capitalization INR 576.3 billion

Price and investor perspective

Titan's modest daily decline contrasts with the stronger store and segment growth reported for the September 2026 quarter. The key market tension is the distance between that operating expansion and a trailing P/E of 68.51.

Titan stock was last at INR 4,444.80 on the NSE on October 16, 2026 at 3:28 p.m. IST, down 0.25 percent from the prior close.