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Today BSE Sensex lost 257 points till noon trade at 52903 while Nifty 50 shed 62 points at 15,769. Markets have been volatile as Zerodha's CEO also explained yesterday why trading is one of toughest ways to make money.
Today BSE Sensex has lost 257 points till noon trade at 52903 while Nifty 50 shed 62 points at 15,769. Markets have been volatile as Zerodha's CEO also explained yesterday why trading is one of the toughest ways to make money.
Founder and CEO Nitin Kamath tweeted yesterday, "For most traders living in the social media bubble, it must seem like everyone except you is killing it trading the markets. FYI, it mostly ain't real. Trading is one of the toughest ways to make money & the kind of volatility of the last few months makes it even tougher."
Amid all this, two large cap stocks featured in the category of top losers. Below they are:
Titan Company Ltd
The stock of the company witnessed a dip of 3.85% in afternoon trade today. The current market price of Titan is Rs 1962 apiece. It has touched its 52-week high of Rs 2768 apiece while 52-week low of Rs 1662 apiece. The stock has fallen 29% from its highs. It is a company with strong financials. The PE of the stock is 80.31 which is higher than sector PE of 76.23. The EPS is 24.48.
Dividend: The dividend yield is 0.38. When it comes to dividend, Titan company declared an equity dividend of 750% amounting to Rs 7.5 per share on May 4, 2022. The ex-date of this dividend July 8, 2022 which is about to come. Last year, it declared an equity dividend of 400% or Rs 4 per share.
Multibagger Returns: The stock has given multibagger returns in 5 years with 286% returns. The company's annual revenue growth of 33% outperformed its 3-year CAGR of 13.16%.
The market capitalization is Rs 174,472 crore.
Titan is also the top holding of celebrity investor Rakesh Jhujhunwala. The stock witnessed a fall of 5% in one week. Analysts are of the belief that there is still some more downside left in the stock of Titan. Analysts feel that investors can apply "sell on the rise" approach. However, experts believe that the current decline in the stock may be just short term. Recently, brokers upgraded their recommendations or target price for the stock. When it comes to analyst trends there is a strong buy and buy call less sell and strong sell call for the stock.
Company Overview: Titan Company Limited (Titan), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), commenced its operations in 1984 under the name Titan Watches Limited.
Asian Paints Ltd
The current share price of the large-cap company has witnessed a decline of 3.17% today. The current share price is Rs 2731 apiece. The stock has touched its 52-week high of Rs 3590 apiece and 52-week low of 2560. It is a company with low debt. The company has a PE of 8636 which is lesser than sector PE of 78.38. The EPS is 31.59.
Dividend: The dividend yield is 0.70. The market capitalization is 2,61,678 crore. The company has declared an equity dividend of 1915% amounting to Rs 19.15 per share for the year ending March 2022. The stock declared an equity dividend of 1550% on May 10, 2022 amounting to Rs 15.50 per share. The ex-dividend date was June 9, 2022. The company has a good dividend track record and declared dividend in the last 5 years without fail.
Multibagger Returns: Asian Paints Stock has given a negative return of 3.69% in last one month. The stock has given 147% return in the last 5 years. Asian Paints Share has crude connection as derivatives of crule oil being the leading raw material. Higher the crude oil price may create issues for the margin.
The stock has received buy call from analysts more than sell call. The company is expected to give a good quarter.
Company Overview: The company has come a long way since its small beginnings in 1942. It was set up as a partnership firm by four friends who were willing to take on the world's biggest, most famous paint companies operating in India at that time. Over the course of 25 years, Asian Paints became a corporate force and India's leading paints company.
Disclaimer
Investors are advised caution as the markets have become exceedingly volatile. Neither Greynium Information Technologies, nor the author, would be responsible for any losses based on a decision reading the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.
