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ICICI Securities Gives Buy Tag To Titan Company Ltd, Target Price Rs 2700
Leading brokerage firm ICICI Securities remains bullish on Tata Group stock, Titan Company Ltd and assigned buy rating with a target price of Rs 2700. The stock has witnessed a decline of 0.67% intraday amid the ongoing share market mayhem. BSE Sensex fell by 953 to end the day at 57,145 and Nifty 50 shed 311 points to close
at 17016.
Titan Company Ltd Stock Performance
The current market price of Titan Company Ltd is Rs 2654 apiece on BSE with a decline of 0.67% intraday. The stock opened at 2652, scaled the intraday high of Rs 2678 apiece, and intraday low at Rs 2563 apiece, respectively.
Titan Company Ltd 52-Week High/Low
The stock's 52-week high is quoted at Rs 2767 apiece and 52-week low is Rs 1827 apiece.
Titan Company Ltd Market Capitalisation
It has a market capitalization of Rs 2,35,662.84 crore at the time of writing the report.
Manappuram Jewellers Inks Agreement With Titan Company Ltd
Earlier this month on September 22, Manappuram Jewellers has inked an agreement with Titan Company Ltd to produce gold and diamond jewellery for the Tata Group company. As per the reports, Manappuram Jeweller is scheduled to create premium gold jewellery as pe the particular requirements and designs provided by Titan. The agreement has the validity for 2 years.
Titan Company Ltd 5-Years Return
The stock has yielded multibagger returns to investors with 5 years return at 348%, 3 years return at 106%, and 1 year return at 26%.
Titan Company Ltd Latest Quarterly Results
The company for the quarter ended June 30, 2022 has announced a consolidated total income of Rs 9,487 crore, up 20% as against the last quarter total income of Rs 7,872 crore. It has announced a net profit after tax at Rs 790 crore in the latest quarter.
Titan Company Ltd About
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.
Titan is the fifth largest integrated own brand watch manufacturer in the world. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories.
Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail, according to its official website.
Disclaimer
The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
