Titan Shares Hit All-Time High; Rekha Jhunjhunwala’s Wealth Jumps by ₹20,000 Crore in a Single Day

Shares of Tata Group company Titan Company Ltd surged sharply on Wednesday, defying the broader market weakness to hit a fresh all-time high. The stock jumped nearly 5%, driven by strong business growth and robust festive demand, delivering massive gains to veteran investor Rekha Jhunjhunwala.

Titan shares rose 4.8% on the BSE to touch a record high of ₹4,309. The rally came even as benchmark indices remained under pressure, highlighting strong investor confidence in the company’s growth prospects.

Rekha Jhunjhunwala, wife of late legendary investor Rakesh Jhunjhunwala, holds a 5.32% stake in Titan. The sharp rise in the stock added an estimated ₹20,000 crore to the value of her holdings in a single trading session.

Strong Business Performance Fuels Rally

The surge in Titan’s share price follows impressive business updates from the company. Titan reported nearly 40% year-on-year growth in its overall consumer business, supported by strong festive season demand and increasing preference for premium products.

During the December quarter, Titan’s international business recorded a remarkable 79% growth compared to the same period last year, while domestic operations grew by 38%. The company also continued its aggressive retail expansion, adding 56 new stores in the quarter. With this, Titan’s total store count has risen to 3,433 across formats.

Brokerage Outlook Remains Bullish

Global brokerage firm Nomura has reiterated its ‘Buy’ rating on Titan, maintaining a target price of ₹4,500 per share—around 10% upside from current levels. In its report, Nomura stated that Titan is well positioned to benefit from India’s expanding affluent and high-income population.

“Over the medium term, we expect Titan’s sales growth to be 1.5 to 2 times that of the broader market,” the brokerage said. It also highlighted Titan’s strong leadership in the jewellery segment and its continued expansion into smaller cities as key growth drivers.

Outlook

With consistent execution, strong brand equity, and rising demand for premium jewellery and lifestyle products, Titan continues to be one of the fastest-growing companies in the jewellery sector. Market participants remain optimistic about the stock’s long-term prospects, even amid near-term volatility in the broader equity market.