Buy Titan Company, target price Rs 2860: ICICI Direct

ICICI Direct has buy call on Titan Company with a target price of Rs 2860. The current market price of Titan Company is Rs 2379.15. Time period given by analyst is 3 months when Titan Company Ltd. price can reach defined target.

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 212718.00 Crore) operating in Gems and Jewellery sector.

Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Gold, Eyewear, Traded Goods, Precious & Semi Precious Stones, Other Operating Revenue, Other Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 10094.00 Crore, up 33.73 % from last quarter Total Income of Rs 7548.00 Crore and up 31.79 % from last year same quarter Total Income of Rs 7659.00 Crore. Company reported net profit after tax of Rs 1012.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 30-Sep-2021, while FIIs owned 19.06 per cent, DIIs 10.1 per cent.