Titan share price: Sell Titan Company, target price Rs 1600: HDFC Securities

HDFC Securities has sell call on Company with a target price of Rs 1600. The current market price of Titan Company Ltd. is Rs 2486.2.

Time period given by analyst is one year 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 220605.98 Crore) operating in Gems and Jewellery sector.



Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Gold, Eyewear, Traded Goods, Precious & Semi Precious Stones, Other Operating Revenue, Other Services for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3519.00 Crore, down -53.40 % from last quarter Total Income of Rs 7551.00 Crore and up 74.21 % from last year same quarter Total Income of Rs 2020.00 Crore. Company reported net profit after tax of Rs 18.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 30-Jun-2021, while FIIs owned 18.41 per cent, DIIs 9.87 per cent.

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