Buy Titan Company, price target Rs 1,240: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Titan Company Ltd. with a target price of Rs 1240. The current price of Titan Company Ltd. is Rs 1204.1. Time period given by the analyst is Intra Day when Titan Company Ltd. price can reach the defined target. Kunal Bothra recommended to keep a stoploss at Rs 1180.

Titan Company Ltd., incorporated in 1984, has a market cap of Rs 106898.33 crore. 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), Other Services which contributed Rs 10.79 Crore to Sales Value (0.05 % 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.

The company’s top management includes Dr.Mohanasankar Sivapraksam, Mr.Ashwani Puri, Mr.B Santhanam, Mr.Bhaskar Bhat, Mr.N Muruganandam, Mr.N N Tata, Mr.Pradyumna Vyas, Mr.V Arun Roy, Mrs.Hema Ravichandar, Mrs.Ireena Vittal, Ms.Kakarla Usha. Company has B S R & Co. LLP as its auditors. As on 31-12-2019, the company has a total of 887,786,160 shares outstanding.