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Titan Shares Fall After Q2 Update as Experts Weigh Buying
Titan makes jewellery, watches and other consumer products.
The company said its consumer businesses grew by nearly 25% compared with the same quarter last year.
It also opened 78 stores.
Even so, Titan’s share price fell almost 5% during trading on 7 October.
One market expert said the share looked oversold but advised investors to wait for signs that it had stabilised before buying.
Another said the price was near an important support level and that lower prices could become attractive for longer-term investors.
The experts therefore pointed to different possibilities, not a guaranteed outcome.
Titan shares fell nearly 5% intraday on 7 October, after the company released its Q2FY27 business update.
Titan reported nearly 25% year-on-year growth across consumer businesses and added 78 stores, bringing its network to 3,758.
Domestic jewellery sales grew 21%, watches 30% and EyeCare 28%; several other businesses also reported growth.
Jigar S. Patel cited an oversold RSI but advised waiting for stabilisation; he identified ₹4,200 as support and ₹4,600 as resistance.
Vipin Kumar said support near ₹4,322 was being tested and identified ₹4,150–₹4,000 as a potential accumulation zone.
- Who
- Titan Company and investors assessing its shares; analysts Jigar S. Patel and Vipin Kumar commented on the stock.
- What
- Titan shares fell nearly 5% after the company reported Q2FY27 business growth, while experts discussed technical levels and potential buying strategies.
- Where
- Shares traded on the BSE.
- When
- The update was announced after market hours on 6 October 2026; the share decline occurred on Wednesday, 7 October.
- Why
- The decline followed Titan's quarterly business update; the articles report the price movement but do not establish a definitive cause.
Wait for Stabilisation
Potential Accumulation Zone
Whether to buy during the correction
Wait for Stabilisation
Jigar S. Patel said the stock was oversold but had broken major support, and advised avoiding fresh long positions until signs of stabilisation appear.
Potential Accumulation Zone
Vipin Kumar said a decisive break below the one-year EMA could take the stock to ₹4,150–₹4,000, a zone he considered strong for medium- to long-term accumulation.
Key facts
- Consumer business growth
- Nearly 25% year-on-year in Q2FY27
- Retail network
- 78 stores added; combined network reached 3,758 stores
- Domestic segment growth
- Jewellery 21%; watches 30%; EyeCare 28% year-on-year
- 7 October share price
- Opened at ₹4,420.05 and reached an intraday low of ₹4,334.90, down as much as 4.5%
- Patel's technical levels
- ₹4,200 support and ₹4,600 immediate resistance; he advised waiting for stabilisation before fresh buying
- Kumar's view
- The one-year EMA support was around ₹4,322; he identified ₹4,150–₹4,000 as a potential medium- to long-term accumulation zone
- Past-year performance
- Shares were up 28% over one year, compared with an 11% fall in the Sensex
Quotes
Jigar S. Patel
Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers
“With this support now taken out, the next important support is expected around ₹4,200, while ₹4,600 is likely to act as an immediate resistance. Given the combination of oversold momentum and the breakdown of a key long-term support, we advise investors to avoid fresh long positions at current levels and wait for signs of stabilisation before considering fresh buying.”
livemint.com
“The ₹4,150– ₹4,000 zone will be a strong value-buy zone for medium- to long-term accumulation purposes.”
livemint.com
Sources
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