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    Buy Titan Company, target price Rs 1910: ICICI Direct

    Synopsis

    Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 166202.45 Crore) operating in Gems and Jewellery sector.

    Agencies
    Promoters held 52.9 per cent stake in the company as of June 30, 2021, while FIIs held 18.4 per cent, DIIs 10.1 per cent and public and others 18.6 per cent.
    ICICI Direct has buy call on Company with a target price of Rs 1910. The current market price of Titan Company Ltd. is Rs 1858.35. Time period given by analyst is intraday 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 166202.45 Crore) operating in Gems and Jewellery sector.

    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3519.00 Crore, down -53.40 % from last quarter Total Income of Rs 7551.00 Crore and up 74.21 % from last year same quarter Total Income of Rs 2020.00 Crore. Company reported net profit after tax of Rs 18.00 Crore in latest quarter.

    Did you Know?

    Stock score of Titan Company Ltd moved up by 2 in a month on a 10-point scale.

    View Latest Stock Report »
    Investment Rationale
    Price consolidating above previous breakout area & sustaining above 20 day EMA

    Promoter/FII Holdings
    Promoters held 52.9 per cent stake in the company as of March 31, 2021, while FIIs held 18.1 per cent, DIIs 11.5 per cent and public and others 17.5 per cent.
    (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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