HSBC Favours Titan and Kalyan Jewellers Amid Growth Prospects
· Business · Economic Times, LiveMint
HSBC has identified Titan Company and Kalyan Jewellers as its top picks in India's jewellery sector, citing growth opportunities in daily-wear jewellery and B2B manufacturing. The brokerage maintained a Buy rating for Titan with a target price of Rs 5,550 and for Kalyan Jewellers with a target price of Rs 770. HSBC highlighted the shift towards daily-wear jewellery as a key trend, with Titan's CaratLane leading the segment followed by BlueStone. Risks include gold price volatility and competition, while the report emphasized tracking operating cash flow and return on capital employed as critical metrics.
Why it matters
This analysis provides insights for investors in India's jewellery sector, highlighting growth areas and risks in a capital-intensive industry.
Read the original report — Economic Times
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