Titan Company gains after Morgan Stanley upgrades

Written by Reuters | Mumbai | Updated: Aug 21 2014, 16:55pm hrs
Titan Company Ltd gains more than 5 percent.

Morgan Stanley upgrades the watches and jewellery maker to "overweight" from "equal-weight".

Raises share price target to 420 rupees from 330 rupees.

Morgan Stanley cites conviction in the strength of its Tanishq jewellery brand and its potential to gain market share.