Trending stocks: Titan shares rise nearly 4% ahead of Q4 earnings

NEW DELHI: Shares of Titan Company Ltd. traded 3.79 per cent up in Monday's trade at 10:28AM (IST). Around 102,854 shares changed hands on the counter.

The scrip opened at Rs 997.05 and touched an intraday high and low of Rs 1065.0 and Rs 997.05, respectively, in the session so far. The stock of Titan Company Ltd. quoted a 52-week high of Rs 1389.85 and a 52-week low of Rs 720.0.

Total market cap of the Titan Company Ltd. stood at Rs 91601.78 crore at the time of writing this report.


Titan Company is due to announce its March quarter earnings on Monday.

Key Financials
The company reported consolidated net sales of Rs 6454.58 crore for the quarter ended 31-Dec-2019, up 40.3 per cent from previous quarter's Rs 4600.71 crore and up 10.53 per cent from the year-ago quarter's Rs 5839.82 crore.

The net profit for latest quarter stood at Rs 474.62 crore, up 14.87 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 5.66 per cent stake in the company, while foreign institutional investors held 17.74 per cent and the promoters 52.91 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 61.18 and a price-to-book ratio of 15.06. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Titan Company Ltd. belongs to the Jewellery Retail industry.