** Shares of jewellery and accessories retailer Titan Co Ltd up as much as 2 pct at 1,110 rupees
** Co posts a 12.4 pct jump in March-qtr consolidated profit, helped by jewellery sales
** New designs and product launches help watchmaker gain more customers - Jefferies analysts
** Jefferies maintains target price of 1,100 rupees on Titan, ‘hold’ rating, on co’s stretched valuations ** About 1.4 mln shares change hands in early trade hours, compared with the 30-day average of around 1.9 mln shares
** Stock up 16.9 pct this year as of last close
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