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What is the story about?
Shares of Havells India Ltd., Page Industries Ltd. and Titan Company Ltd. gained up to 4% on Wednesday, July 1, after brokerage firm Citi upgraded its rating on these stocks to "buy".
Citi upgraded its rating on Havells India to "buy" from its earlier rating of "neutral."
For Page Industries, the brokerage has issued a double-upgrade to "buy" from its earlier rating of "sell". Its price target has also been raised by 39%.
Tata Group's Titan has also been upgraded to a "buy" rating by Citi from its earlier rating of "neutral".
Citi has a target price of ₹1,500 per share on the stock, indicating an upside of 29.3% from its previous close.
It said the stock's recent correction has created a favourable entry point into a high-quality electricals/consumer durable franchise.
However, the near-term margin weakness in the Lloyd business remains a key monitorable, according to Citi.
Havells' growth will improve in the current financial year, according to Citi, led by strong growth in cables and wires, a gradual recovery in consumer businesses and the solar segment emerging as a meaningful growth driver.
The margins should also benefit from operating leverage in electronic consumer durables (ECD) and cables and wires bundled with moderation in losses for Lloyd, Citi added.
Citi has raised its price target on Page Industries to ₹47,700 from the previous 34,100 apiece, an upside of 15% from its previous close.
It sees risk-reward turning favourable, three years after it had downgraded the stock.
Citi has a target price of ₹5,075 per share on Titan, an upside of 15.2% from the previous close. The brokerage has opened a positive catalyst watch on both of these stocks as well.
Shares of Havells India are trading 2.5% higher at ₹1,188. The stock is down 16% so far this year.
Shares of Page Industries are trading 3% higher at ₹42,660 and the stock has risen 20% so far this year.
Titan shares though, are off the highs of the day, currently trading 0.5% higher at ₹4,427.9, having gained 10% so far in 2026.
Citi upgraded its rating on Havells India to "buy" from its earlier rating of "neutral."
For Page Industries, the brokerage has issued a double-upgrade to "buy" from its earlier rating of "sell". Its price target has also been raised by 39%.
Tata Group's Titan has also been upgraded to a "buy" rating by Citi from its earlier rating of "neutral".
Havells India
Citi has a target price of ₹1,500 per share on the stock, indicating an upside of 29.3% from its previous close.
It said the stock's recent correction has created a favourable entry point into a high-quality electricals/consumer durable franchise.
However, the near-term margin weakness in the Lloyd business remains a key monitorable, according to Citi.
Havells' growth will improve in the current financial year, according to Citi, led by strong growth in cables and wires, a gradual recovery in consumer businesses and the solar segment emerging as a meaningful growth driver.
The margins should also benefit from operating leverage in electronic consumer durables (ECD) and cables and wires bundled with moderation in losses for Lloyd, Citi added.
Why Is Citi Betting On Page Industries and Titan?
Citi has raised its price target on Page Industries to ₹47,700 from the previous 34,100 apiece, an upside of 15% from its previous close.
It sees risk-reward turning favourable, three years after it had downgraded the stock.
Citi has a target price of ₹5,075 per share on Titan, an upside of 15.2% from the previous close. The brokerage has opened a positive catalyst watch on both of these stocks as well.
How Did Page, Titan and Havells Shares React?
Shares of Havells India are trading 2.5% higher at ₹1,188. The stock is down 16% so far this year.
Shares of Page Industries are trading 3% higher at ₹42,660 and the stock has risen 20% so far this year.
Titan shares though, are off the highs of the day, currently trading 0.5% higher at ₹4,427.9, having gained 10% so far in 2026.
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