Buy Titan Company, target price Rs 3088 : ICICI Direct
Titan Company with a target price of Rs 3088. The current market price of Titan Company is Rs 3056.6.
Time period given by analyst is Intra Day when Titan Company price can reach defined target. ICICI Direct recommended to keep stoploss at Rs 3029.
Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 270814.73 Crore) operating in Gems and Jewellery sector. Titan Company key Products/Revenue Segments include Jewellery, Watches, Other Operating Revenue, Eyewear, Others, Precious & Semi Precious Stones, Scrap, Other Services for the year ending 31-Mar-2023.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 12011.00 Crore, up 14.67 % from last quarter Total Income of Rs 10474.00 Crore and up 26.60 % from last year same quarter Total Income of Rs 9487.00 Crore.
Company has reported net profit after tax of Rs 756.00 Crore in latest quarter. Investment Rationale Price remains in uptrend sustaining above 13 day EMA signaling further upsides in coming sessions.Promoter/FII Holdings Promoters held 52.9 per cent stake in the company as of 30-Jun-2023, while FIIs owned 18.53 per cent, DIIs 10.42 per cent.
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