Buy Large Cap Tata Stock As Suggested By Motilal Oswal, TP Rs 3,570 Apiece

Brokerage firm Motilal Oswal has suggested investors to buy large cap Tata Group stock from the jewellery sector, Titan Company Ltd with target price of Rs 3,570 per share. Current market price of Titan Company share is Rs 3199.35 per share. If you buy Titan Company stock at the current market price of Rs 3199.35 per share, you can obtain 11.6%. Titan Company stock witnessed a rally of 33.49% in last 6-months and soared 22% in last 1-year. Check details below:

Titan Company Stock Outlook & Return: Last trading price of Titan Company stock is Rs 3199.35 per share on BSE. Its 52-week high price is Rs 3211.10 per share and 52-week low price is Rs 2268.90 per share, respectively. Titan Company stock witnessed a surge of 25% year-to-date, gained 55% in last 2-years, soared 175% in last 3-years, and offered shareholders return of 269% in last 5-years.

Titan Company Dividend History: In the past 12 months, the company declared an equity dividend of Rs 10.00 per share. The ex-dividend date of the final dividend of Rs 10.00 per equity share was July 13, 2023. The company announced 23 dividends since July 30, 2001. If the current market price of the stock is taken into perspective, it offers a dividend yield of 0.31%, according to data obtained from Trendlyne.

Titan Company Financials: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 12,011.00 crore, up 14.67% as against its last quarter total income of Rs 10,474.00 crore. It announced its recent quarter net profit after tax at Rs 756.00 crore.

Titan Company Valuation: According to Motilal Oswal, "TTAN's medium- to long-term earnings growth opportunity is best-of-breed, reflected in five-year sales/EBITDA/PAT CAGRs of 20.3%/24.3%/23.9%. Given its sub-10% market share in jewelry and the struggles of unorganizedand other organized peers, we see a promising growth outlook for TTAN. We maintain our Buy rating on the stock with a TP of INR3,570."

Titan About: Titan Company Limited (Titan), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), commenced its operations in 1984 under the name Titan Watches Limited. Titan is the fifth largest integrated own brand watch manufacturer in the world. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories. Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.