Buy Titan Company, target Rs 675: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Titan Company with a target price of Rs 675.

The current market price of Titan Company is Rs 655.70.

Time period given by the analyst is intraday when Titan Company price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 644.

Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 58,212.14 Crore) operating in Consumer Durables sector.

Titan Company key Products/Revenue Segments include Jewellery which contributed Rs 10,154.16 Crore to Sales Value (79.84 per cent of Total Sales), Watches which contributed Rs 1988.18 Crore to Sales Value (15.63 per cent of Total Sales), Eyewear which contributed Rs 404.60 Crore to Sales Value (3.18 per cent of Total Sales), Others which contributed Rs 92.37 Crore to Sales Value (0.72 per cent of Total Sales), Precious & Semi Precious Stones which contributed Rs 39.86 Crore to Sales Value (0.31 per cent of Total Sales), Gold which contributed Rs 29.11 Crore to Sales Value (0.22 per cent of Total Sales), Other Services which contributed Rs 4.39 Crore to Sales Value (0.03 per cent of Total Sales), Scrap which contributed Rs 4.22 Crore to Sales Value (0.03 per cent of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Mr.Ashwani Puri, Mr.Atulya Misra, Mr.Bhaskar Bhat, Mr.Harish Bhat, Mr.N N Tata, Mr.T K Arun, Mr.T K Balaji, Mrs.Hema Ravichandar, Mrs.Ireena Vittal, Ms.Vinita Bali, Prof.Das Narayandas.

Company has Deloitte Haskins & Sells as its auditors.

As on 30-09-2017, the company has a total of 887,786,160 shares outstanding.