January 3, 2018 / 5:52 AM / 21 days ago

BUZZ-India's Titan hits 2-wk high on Q3 jewellery business growth

** Titan Company Ltd’s shares rise as much as 2.9 pct to 869.40 rupees their highest since Dec. 20

** Jewellery division saw double digit retail growth, helped by festival season in Q3, co said on Tuesday

** Titan expects sunglasses division to pick up in Q4 on GST rate cut

** Regulations governing jewellery segment in India, including GST implementation and crackdown on black money, favour organised players such as Titan - Motilal Oswal analysts

** 25 of 29 brokerages rate the stock “buy” or higher, two “hold” and two “sell” or lower; their median PT is 775 rupees

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