Titan: Why Nomura eyes 20% growth and Rs 500 crore gain despite 15% duty on Gold
The Indian government’s 15% import duty on gold has sparked concerns about demand, pricing, and profitability in the jewellery sector. However, Nomura remains optimistic about Titan Company, predicting a 21% increase in stock value. While the hike may lead to inventory gains, it may not result in direct profits for jewellery companies. The impact will vary among different segments.