Stock To Buy, Oct 4: PL Picks Large Cap Tata Group Stock, Target Price Rs 3350

Brokerage house Prabhudas Lilladher has picked large cap Tata Group stock, Titan Company Limited to buy with target price of Rs 3350 per share and maintain the stop loss at Rs 3130 apiece. Current market price of Titan Company on BSE at 10:24 am is Rs 3175.10 per share with intraday fall of 0.68%. Earlier this year, Titan Company announced a dividend of Rs 10.00 per equity share or 1000% of Re 1 each with ex-dividend date fixed as July 13, 2023. Check details below:

Titan Company Shares Outlook & Return: Current market price of Titan Company share is Rs 3175.10 apiece. Its 52-week high price is Rs 3351.55 per share and 52-week low price is Rs 2268.90 per share, respectively. The company has a market capitalisation of Rs 2,82,031.90 crore. Titan Company shares gained 25% in last 6-months. Titan Company shares witnessed a rally of 24% YTD, soared 23% in last 1-year, rose 47% in last 2-years, and rallied 165% in last 3-years. In last 5-years, Titan Company shares surged 308%.

Titan Company Dividend: Titan Company shares traded ex-dividend on July 13, 2023 for a dividend of Rs 10.00 per equity share (or 1000%) of Re 1 each of the company. Titan Company Announced 1000% Dividend On May 3, 2023. As per the BSE filing of Titan Company, "The Board has recommended a Dividend of Rs 10.00 per Equity Share of Re 1 each of the Company which shall be paid/dispatched on or after the seventh day from the conclusion of the 39th Annual General Meeting subject to approval of the shareholders of the Company."

About: Titan Company Limited ("Titan"), a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery (Tanishq) and subsequently into EyeCare.

Disclaimer: The stock has been picked from the brokerage report of Prabhudas Lilladher. 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.