New Delhi, May 9 -- Titan, Tata Group's jewellery-to-eyewear brand, saw its share price jump 4.8% in early trade on Friday, May 9, reaching a 2-month high of Rs.3,530 apiece, even as the broader market traded in the red. The rally came as investors cheered the company's March quarter performance, which beat analyst estimates and led to upward revisions in target prices.

Domestic brokerage firm Nuvama Institutional Equities retained its 'Buy' rating on the Titan share price and raised its target price to Rs.4,541 apiece from Rs.4,115 earlier.

The brokerage highlighted that operational leverage, a revived solitaire segment, and minor hedging gains powered Titan's jewellry division to a strong EBIT margin beat of 11.9% in Q4FY25, despite g...