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Titan shares fall after Phillip Capital downgrades, cuts price target.


Titan Company shares fell 0.7 percent intraday on July 17 after global brokerage Phillip Capital
downgraded the stock, citing Weak Jewellery Demand in near term.

The stock fell 16 percent in last 15 sessions. It was quoting at Rs 1,109.75, down Rs 5.15, or 0.46 percent on the BSE at 1235 hours IST.

The investment firm downgraded its rating on Titan Company to neutral from buy and also slashed price target to Rs 1,165 from Rs 1,200 earlier, Citing Weak Jewellery demand in near term.

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