Time period given by analyst is Intra Day when Titan Company Ltd. price can reach defined target.
Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 131822.93 Crore) operating in Gems and Jewellery sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 7551.00 Crore, down -1.41 % from last quarter Total Income of Rs 7659.00 Crore and up 58.86 % from last year same quarter Total Income of Rs 4753.21 Crore. Company reported net profit after tax of Rs 568.00 Crore in latest quarter.
Investment Rationale
Higher base formation at 50% retracement of previous rally (1154- 1621) and previous major breakout area thus provides favourable risk-reward setup
Promoter/FII Holdings
Promoters held 26.7 per cent stake in the company as of March 31, 2021, while FIIs held 29.6 per cent, DIIs 14.2 per cent and public and others 21.6 per cent.
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