Buy Multibagger Tata Group Jewellery Stock For Target Price Of Rs 2817: Centrum Broking

Leading brokerage frim Centrum Broking has given buy call to this Gems and Jewellery sector stock Titan Company Ltd for a target price of Rs 2817 apiece. The company has a market capitalization of Rs 2,39,551.34 crore.

Titan Company Ltd Stock Outlook

The current market price of the stock is Rs 2695 with an intraday decline of 0.41%. According to Centrum Broking, if investors buy the stock at the current market price, it has the potential to surge to Rs 2817 apiece with a potential gain of 5%.

Titan Company Ltd 52 Week High/Low

The stock's 52-week high is quoted at Rs 2767 apiece and 52-week low is Rs 1827 apiece.

Titan Company Ltd Market Capitalization

The company has a market capitalization of Rs 2,39,551.34 crore at the time of writing the story.

Titan Company Ltd 5-Years Return

The stock has given multibagger returns to investors. It has given a return of 326% in the last 5 years, 140% in the last 3 years, and 31% in the last 1 year.

Titan Company Ltd Q1 Results

The company reported a 13-fold surge in its year-on-year net profit at Rs 793 crore in the June quarter as compared to Rs 61 crore profit declared in the same quarter last year. The company said its quarterly revenues were the second best buoyed by a robust festive demand. The total income for the quarter surged 199% YoY to Rs 8,649 crore as compared to Rs 2890 crore reported in the corresponding quarter last year.

Managing Director CK Venkataraman said: " "The financial year has begun well for us and we delivered a strong performance in Ql across our business segments. Despite challenging macro environment, the outlook for the remaining quarters looks positive and we continue to execute our investment plans in India as well as chosen international geographies.

Titan Company Ltd Was One Of The 5 Biggest Stocks In Late Rakesh Jhunjhunwala's Portfolio

Ace investor Rakesh Jhunjhunwala passed away on August 14, 2022. Titan Company Ltd was one of the 5 boggest stocks in his portfolio. According to last month's report till August 17, 2022, Rakesh Jhunjhunwala owned Titan Company stocks worth Rs 11,086.9 crore.

Titan Company Ltd 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.

Disclaimer

The stock has been picked from the brokerage report of ICICI Direct. 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.