Buy Titan Company, target price Rs 4200: Motilal Oswal

Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Other Operating Revenue, Eyewear, Others, Precious & Semi Precious Stones, Scrap, Other Services for the year ending 31-Mar-2023.

By ETMarkets.com | Feb 02, 2024, 09.15 AM IST

Promoters held 52.9 per cent stake in the company as of 31-Dec-2023, while FIIs owned 18.89 per cent, DIIs 10.21 per cent.

Motilal Oswal has buy call on Titan Company Ltd. with a target price of Rs 4200. The current market price of Titan Company Ltd. is Rs 3626.

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 322039.99 Crore) operating in Gems and Jewellery sector.

Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Other Operating Revenue, Eyewear, Others, Precious & Semi Precious Stones, Scrap, Other Services for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 14300.00 Crore, up 13.02 % from last quarter Total Income of Rs 12653 Crore and up 22.24 % from last year same quarter Total Income of Rs 11698.00 Crore. Company reported net profit after tax of Rs 1053.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 31-Dec-2023, while FIIs owned 18.89 per cent, DIIs 10.21 per cent.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!