titan company share price: Buy Titan Company, target price Rs 1895: ICICI Securities

ICICI Securities has buy call on Titan Company with a target price of Rs 1895. The current market price of Titan Company Ltd. is Rs 1770.25. 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 157275.76 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
Falling channel breakout containing last one month’s breather and a higher base at the 50-day EMA.

Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of March 31, 2021, while FIIs held 18.1 per cent, DIIs 11.5 per cent and public and others 17.5 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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