JPMorgan Stays Overweight On Titan As Gold-Exchange Traction Lifts Jewellery Momentum
Brokerage roundup flags retail-relevant calls: JPMorgan retains Overweight on Titan on gold-exchange traction; HSBC keeps Buy on Phoenix Mills citing 25%+ consumption growth over three quarters and strong mall and hotel RevPAR; Investec hikes Delhivery TP to Rs 610 and initiates Hold on Hyundai at Rs 2,100 on India PV outlook.
What happened
Brokerage roundup with retail-relevant calls: JPMorgan stays Overweight on Titan amid gold-exchange traction; HSBC keeps Buy on Phoenix Mills on strong mall
Key facts
- Titan Overweight
- Delhivery TP Rs 610
- Phoenix Mills TP Rs 2230
- 25%+ consumption growth 3 quarters
- Hyundai TP Rs 2100
Why this matters
The 25%+ consumption growth and rising mall RevPAR validate anchor-tenant partnerships and gold-exchange ecosystem plays, so prioritize retail-format tie-ups and evaluate omnichannel logistics stakes given Investec's raised Delhivery target.