Sell Titan Company, target Rs 437: Siddharth Bhamre

Independent analyst Siddharth Bhamre has a sell call on Titan Company with a target price of Rs 437.0 .The current market price of Titan Company Ltd. is 467.9 Time period given by analyst is Intra Day when Titan Company Ltd. price can reach defined target. Siddharth Bhamre recommended to keep stoploss at Rs 479.

Titan Company Ltd., incorporated in the year 1984, is a largecap company with a market cap of ₹ 41539.51 crore operating in Consumer Durables sector.

Titan Company Ltd. key Products/Revenue Segments include Jewellery which contributed ₹ 8621.46 Cr to Sales Value (76.32 % of Total Sales), Watches which contributed ₹ 1777.45 Cr to Sales Value (15.73 % of Total Sales), Eyewear which contributed ₹ 373.31 Cr to Sales Value (3.30 % of Total Sales), Others which contributed ₹ 225.65 Cr to Sales Value (1.99 % of Total Sales), Watches (Traded) which contributed ₹ 185.83 Cr to Sales Value (1.64 % of Total Sales), Precious & Semi Precious Stones which contributed ₹ 57.30 Cr to Sales Value (0.50 % of Total Sales), Gold which contributed ₹ 21.19 Cr to Sales Value (0.18 % of Total Sales), Components which contributed ₹ 17.33 Cr to Sales Value (0.15 % of Total Sales), Scrap which contributed ₹ 9.14 Cr to Sales Value (0.08 % of Total Sales), Other Services which contributed ₹ 7.08 Cr to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 3871.34 Cr., up 46.84% from last quarter Sales of ₹ 2636.44 Cr. and up 13.92% from last year same quarter Sales of ₹ 3398.39 Cr. Company has reported net profit after tax of ₹ 255.75 Cr. in latest quarter. The company’s CEO is Mr.Bhaskar Bhat. It's Board of Directors include 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, Mr.A R Rajaram, Mr.S Subramaniam, Mr.A R Rajaram, Mr.Ashwani Puri, Mr.Atulya Misra. Company has its registered office at 3, SIPCOT Industrial Complex, Hosur, 635126, Tamil Nadu. Company has BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 887,786,160 shares outstanding.