Titan Firm Ltd inventory has given super returns to its traders prior to now three years, growing their cash by greater than two instances within the interval. Titan is a heavyweight inventory on the Indian bourses with a market capitalisation of practically Rs 2.29 lakh crore on the Bombay Inventory Alternate.
This favorite inventory of the Indian inventory market’s iconic veteran investor and Huge Bull late Rakesh Jhunjhunwala, has given returns of 169 % to its traders over the previous 5 years.
Rakesh Jhunjhunwala’s spouse Rekha Jhunjhunwala has additionally lately elevated her shareholding in Titan. For the quarter ended March 31, 2023, Titan’s shareholding sample reveals that Rekha Jhunjhunwala holds a complete of 4,69,45,970 fairness shares of the corporate, aggregating to a 5.29 % stake in it.
Shares of this Tata Group Firm closed at Rs 2,580.8 per piece, up 0.5 per cent, on BSE on Thursday. Previously three years the corporate’s shares have elevated 164 per cent. Nevertheless, over the previous six months, the inventory has dropped by 2.5 %.
International brokerage CLSA has revised its goal worth on Titan, growing it to Rs 3,150 per share, which aggregates to a possible upside of twenty-two.33 % in comparison with Thursday’s closing worth, led by Titan’s progress alerts.
CLSA values Titan’s eyecare enterprise at $1.9 billion and estimates the enterprise to develop by 3.3 instances within the subsequent 5 years, on the again of the current fund elevating by Lenskart as a reference for valuation, in keeping with CNBCTV18.
The Tata Group Firm plans to develop its retail enterprise with addition of practically 140-150 shops throughout the monetary yr 2024. This growth plan will embrace the corporate’s high brands- Tanishq, Mia, CaratLane, and Zoya.
Bengaluru-based Titan Firm Ltd is a number one participant within the manufacturing and sale of watches, jewelry, eyewear and different equipment.
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