Buy Titan Company, price target Rs 1,320: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Titan Company Ltd. with a target price of Rs 1320.0 . The current price of Titan Company Ltd. is Rs 1260.4 . Shrikant Chouhan recommended to keep a stoploss at Rs 1230 .

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 111896.57 Crore) operating in Gems and Jewellery sector.

Titan Company Ltd. key Products/Revenue Segments include Jewellery which contributed Rs 15845.68 Crore to Sales Value (83.09 % of Total Sales), Watches which contributed Rs 2381.51 Crore to Sales Value (12.48 % of Total Sales), Eyewear which contributed Rs 510.06 Crore to Sales Value (2.67 % of Total Sales), Others which contributed Rs 137.30 Crore to Sales Value (0.71 % of Total Sales), Precious & Semi Precious Stones which contributed Rs 84.59 Crore to Sales Value (0.44 % of Total Sales), Other Operating Revenue which contributed Rs 48.62 Crore to Sales Value (0.25 % of Total Sales), Gold which contributed Rs 47.03 Crore to Sales Value (0.24 % of Total Sales), Scrap which contributed Rs 4.39 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 6454.58 Crore, up 40.30 % from last quarter Sales of Rs 4600.71 Crore and up 10.53 % from last year same quarter Sales of Rs 5839.82 Crore Company has reported net profit after tax of Rs 474.61 Crore in latest quarter.