BUZZ - India Titan shares rise; Morgan Stanley expects its quarterly sales to achieve strong growth

September 22 - ** Shares of India's Titan Company (TITN.NS) rose as much as 2.19% to 4,982 rupees; most recently up 1.4%

** Morgan Stanley expects the company's shares to increase over the next 30 days and outperform the Indian benchmark index

** It points out that Titan Company's sales have achieved growth of over 35% for the past three consecutive quarters, thanks to an increase in customer numbers and rising demand for diamond jewelry

** It expects that despite high gold prices and an adjusted festival calendar, second-quarter jewelry revenue (excluding bullion) will still grow by 25% or more

** The brokerage states that such growth will reduce the speed of growth needed in the second half of the year (especially in the fourth quarter) for the company to meet its full-year growth target

** The stock has gained a total of 22.05% so far this year

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