Titan Stock Falls 2% Following Kotak Institutional Equities' 'Reduce' Downgrade

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Kotak downgrades Titan to 'Reduce', cuts target price to ₹3,075 from ₹3,600

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Titan faces margin challenges due to rising gold prices and making charges impact

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Tanishq responds to competition by lowering gold rate markup amid Kalyan and Malabar impact

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Analysis: Impact of gold and studded jewellery of 8% and 25% on Tanishq's EBIT margins

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Titan reports strong 19% EPS CAGR for FY2019-24

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Market forecasts 20-21% EPS CAGR for FY24-27 despite risks

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