Stock To Buy: Tata Stock Soars 14.07% In 90-Days, Motilal Oswal Sees 15.29% More Gain

Motilal Oswal has recommended investors to buy large cap Tata Group company's Titan Company Limited shares with target price of Rs 4300 apiece. Current market price of Titan Company share on BSE is Rs 3729.85 per share with intraday gain of 0.65%. Titan Company shares offered shareholders return of 14.12% in last 3-months and gained 50% in last 1-year. If you buy Titan Company stock at the current market price of Rs 3729.85 apiece, you can fetch potential return of 15.29%. Earlier last year, Titan Company declared the dividend of Rs 10.00 per equity share of Re 1 each and the ex-dividend date was July 13, 2023. Check details below:

Titan Company Stock Performance & Return: The 52-week high price of Titan Company share on BSE is Rs 3784.25 per share and 52-week low price is Rs 2268.90 per share, respectively. The company has a market capitalisation of Rs 3,31, 130.92 crore. Titan Company stock surged 19% in last 6-months, gained 45% in last 2-years, and soared 140% in last 3-years. In last 5-years, Titan Company shares surged 291%.

Titan Company Dividend: Titan Company shares traded ex-dividend on July 13, 2023 for a dividend of Rs 10.00 per equity share (or 1000%) of Re 1 each of the company. Titan Company Announced 1000% Dividend On May 3, 2023. As per the BSE filing of Titan Company, "The Board has recommended a Dividend of Rs 10.00 per Equity Share of Re 1 each of the Company which shall be paid/dispatched on or after the seventh day from the conclusion of the 39th Annual General Meeting subject to approval of the shareholders of the Company."

Titan Company Financials: The company for the quarter ended September 30, 2023 declared its consolidated net profit at Rs 916 crore, up 10% as against Rs 835 crore in the corresponding quarter of last year. Its consolidated income for the quarter under review soared 24% YoY to Rs 10,837 crore as compared to Rs 8,742 crore in the similar quarter of last year. Titan's EBIT for the quarter under consideration jumped 16% YoY to Rs 1392 crore. However, EBIT margin for the quarter narrowed 90 basis points YoY to 12.8% as against 13.7% in the year ago tenure.

Merger: According to the regulatory filing of the company, This is to inform that we have received a communication from our Registrar and Transfer Agents - TSR Consultants Private Limited that they have merged with Link Intime India Private Limited effective December 22, 2023, pursuant to the order dated December 18, 2023 passed by the Hon'ble National Company Law Tribunal, Mumbai Bench."

About: Titan Company Limited ("Titan"), a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery (Tanishq) and subsequently into EyeCare. The

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.