Banking and finance

Buy Titan Company, target price Rs 2265: ICICI Direct

ICICI Direct has purchase name on Titan Firm with a goal value of Rs 2265. The present market value of Titan Company Ltd. is Rs 2154.5.

Time interval given by analyst is Intra Day when Titan Firm Ltd. value can attain outlined goal.

Titan Firm Ltd., included within the yr 1984, is a Giant Cap firm (having a market cap of Rs 192094.73 Crore) working in Gems and Jewelry sector.

Titan Firm Ltd. key Merchandise/Income Segments embody Jewelry, Watches, Gold, Eyewear, Traded Items, Valuable & Semi Valuable Stones, Different Working Income, Different Companies for the yr ending 31-Mar-2021.

For the quarter ended 30-06-2021, the corporate reported a Consolidated Whole Revenue of Rs 3519.00 Crore, down -53.40 % from final quarter Whole Revenue of Rs 7551.00 Crore and up 74.21 % from final yr similar quarter Whole Revenue of Rs 2020.00 Crore. Firm reported internet revenue after tax of Rs 18.00 Crore in newest quarter.

Investment Rationale
Breakout above rising provide line becoming a member of main highs since February 2020

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

(Disclaimer: Views and proposals given on this part are the analysts’ personal and don’t signify these of Please seek the advice of your monetary adviser earlier than taking any place within the inventory/s talked about.

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