Tata Group Stock Jumps 6% After Falling 23% in 3 months, Should You Buy, Sell, Or Hold? Read Experts’ Views

BSE Sensex has gained 1,111 points at 52,709 till 1:52 pm today while NSE Nifty gained 327 points at 15,677. The markets bounced as IT, metal, oil & gas, capital goods, public sector banks stocks gained approximately 2 to 3% in trade today. RIL, HDFC Bank, Titan Company Ltd, Infosys emerged as positive contributors. Despite today's surge in share market, investors continue to worry about a likely hit to global growth due to aggressive central bank rate hike.

1. Titan Company Ltd stock jumps 6%

In today's trade, the shared of Titan Company Ltd jumped 6.23% till 1:57 pm at Rs 2083 apiece. The surge in the prices of the shares took place for second day consecutively after global brokerage Macquarie commented that Titan Company Ltd stays in its Asia marquee "buy" list.

Ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 5.1% stake in Titan Company Ltd's stock comprising 44,850,970 shares. Rakesh Jhunjhunwala holds 4% shares or 35,310,395 shares while his wife holds 1.1% shares or 9,540,575 shares.

Multibagger Returns: The stock has fallen 23% in 3 months and 8% in 6 months. However, in one year it has gained over 300%.  

2. Titan Company Ltd Dividend

Titan Company Ltd has also declared an equity dividend of 750% amounting to RS 7.5 per share. The ex-dividend date is 8 July.

3. Experts views on Titan Stock

Leading brokerage firm Motilal Oswal has given buy rating to the stock with a target price of Rs 2900 earlier last month. According to Oswal, " In the Jewellery industry, which is organising at a rapid pace, Titan is clearly at the vanguard among organised players in leading this growth. Its runway for growth is long, with a market share of just 6%."

Another brokerage firm Sharekhan has given a buy rating to the stock with a target price of Rs 2900 apiece in its last month report.

Meanwhile, ICICI Direct in its brokerage report last month said, "We continue to remain structurally positive on the stock as high growth visibility justifies premium valuations and maintain a BUY on the stock." The brokerage values Titan at Rs 2,725."