Finace And Stock

Buy Titan Company, target price Rs 2265: ICICI Direct

ICICI Direct has buy call on Titan Company with a target price of Rs 2265. The current market price of Titan Company Ltd. is Rs 2154.5.

Time period given by analyst is Intra Day when Titan Company Ltd. price can reach defined target.

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 192094.73 Crore) operating in Gems and Jewellery sector.

Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Gold, Eyewear, Traded Goods, Precious & Semi Precious Stones, Other Operating Revenue, Other Services for the year ending 31-Mar-2021.

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3519.00 Crore, down -53.40 % from last quarter Total Income of Rs 7551.00 Crore and up 74.21 % from last year same quarter Total Income of Rs 2020.00 Crore. Company reported net profit after tax of Rs 18.00 Crore in latest quarter.

Investment Rationale
Breakout above rising supply line joining major highs since February 2020

Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of March 31, 2021, while FIIs held 18.1 per cent, DIIs 11.5 per cent and public and others 17.5 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please Disable the Adblocker