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Superhit Tata Group Share: Buy Rating Has Been Given On This Stock; Target Price

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Titan Company Ltd (NSE: TITAN): There is preparation for a big rise in the shares of Titan, one of the leading companies of Tata Group. A domestic brokerage firm has released a special note about this stock

In the note, a Buy rating has been given on this stock based on a strong growth outlook.

The special thing is that this stock is also included in Rekha Jhunjhunwala’s portfolio.

This report says that Titan’s stock can reach ₹ 4,311 per share. If we look at the current price, there is scope for an increase of about 14% in this stock.

Why The Strong Growth Forecast?

After talking to Titan’s senior management, the brokerage firm says that the company will maintain strong growth in the long term.

Strong growth in this company is expected due to an increase in the urban population, an increasing customer base, and various types of jewelry brands. 

The likes and dislikes of customers are changing rapidly, and the scope for increasing market share is increasing. The company will also benefit from this.

Preparation To Maintain Margin

Demand is still stable for January – February 2024. Gold prices have seen a rise in March, due to which there seems to be a delay in demand. 

The same is usually seen regarding gold inflation in March. But, Titan has made a balanced reduction in gold premiums compared to other companies. The company has also focused on other initiatives to keep margins safe.

About Titan Company Ltd Company 

Titan is the most renowned lifestyle brand and has been among the most loved and respected companies in the country since 1984. 

Titan is ranked first within categories such as Jewellery Watches as well as eye care categories. 

Its main business segments are watches and wearables as well as jewelry eyewear and more. 

It provides products under different brands, including Skinn, Fastrack, Sonata, Skinn, Zoop, Zoya, Nebula, Tanishq, and more. 

It employs more than 8,000 people and around 38,000 employees in the total Titan ecosystem, with 16 brands, and more than 220 retail stores. 

They’re committed to delivering sustainable and profitable expansion for all of our customers.

Fundamental Analysis of Titan Company Ltd

Market Cap₹ 3,37,456 Cr.
Current Price₹ 3,801
52-wk High₹ 3,887
52-wk Low₹ 2,500
Stock P/E97.7
Book Value₹ 140
Dividend0.27 %
ROCE25.1 %
ROE30.8 %
Face Value₹ 1.00
P/B Value27.2
OPM10.6 %
EPS₹ 38.9
Debt₹ 14,254 Cr.
Debt to Equity1.15

Titan Company Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹3900₹4121
2025₹4200₹4415
2026₹4500₹4658
2027₹4700₹4958
2028₹5000₹5341
2029₹5452₹5688
2030₹5985₹6458
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Titan Company Ltd Shareholding Pattern

Promoters Holding
Dec 202252.90%
Mar 202352.90%
June 202352.90%
Sept 202352.90%
Dec 202352.90%
FII Holding
Dec 202217.53%
Mar 202317.51%
June 202318.53%
Sept 202319.05%
Dec 202318.89%
DII Holding
Dec 202211.14%
Mar 202311.23%
June 202310.46%
Sept 20239.87%
Dec 202310.25%
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Govt. Holding
Dec 20220.17%
Mar 20230.17%
June 20230.17%
Sept 20230.17%
Dec 20230.17%
Public Holding
Dec 202218.26%
Mar 202318.19%
June 202317.93%
Sept 202318.00%
Dec 202317.77%

Titan Company Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 19,779 Cr
2020₹ 21,052 Cr
2021₹ 21,644 Cr
2022₹ 28,799 Cr
2023₹ 48,950 Cr
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Last 5 Years’ Net Profit:

2019₹ 1,389 Cr
2020₹ 1,493 Cr
2021₹ 974 Cr
2022₹ 2,198 Cr
2023₹ 3,461 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.39
20200.35
20210.58
20220.06
20230.63

Last 10 Years’ Profit Growth:

10 Years:16%
5 Years:24%
3 Years:30%
Current Year:13%

Last 10 years’ Return on Equity (ROE):

10 Years:24%
5 Years:25%
3 Years:25%
Last Year:31%

Sales Growth Over 10 Years:

10 Years:15%
5 Years:20%
3 Years:24%
Current Year:29%

Conclusion

This article is a complete guide about Titan Company Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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