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    Buy Titan Company, target price Rs 1615: ICICI Securities

    Synopsis

    Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 132475.45 Crore) operating in Gems and Jewellery sector.

    titanETRetail
    Promoters held 52.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 18.1 per cent, DIIs 11.3 per cent and public and others 17.7 per cent.
    ICICI Securities has buy call on Titan Company with a target price of Rs 1615. The current market price of Titan Company Ltd. is Rs 1491.65.

    Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 132475.45 Crore) operating in Gems and Jewellery sector.

    Financials
    For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 7659.00 Crore, up 66.46 % from last quarter Total Income of Rs 4601 Crore and up 16.93 % from last year same quarter Total Income of Rs 6550.05 Crore. Company has reported net profit after tax of Rs 530 Crore in latest quarter.

    Investment Rationale
    Buying demand emerged from the previous breakout area and 50% retracement of the previous up move (1,154-1,621), thus provides favourable risk reward set up

    Promoter/FII Holdings
    Promoters held 52.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 18.1 per cent, DIIs 11.3 per cent and public and others 17.7 per cent.



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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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