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JM Financial has a hold call on Titan, setting a target price of Rs 3,550. Titan’s Q3FY25 consolidated total income rose 21.92% QoQ and 24.95% YoY, with a net profit after tax of Rs 1047.00 crore. While revenue growth is expected to be strong, margin pressure and gold lease costs may lead to flat profit after tax year over year.
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