Buying this share would prove to be a wise decision for investors.
The promoters’ share in the company was 52.9 per cent as of December 31, 2023. While the share of FIIs was 18.89 per cent and the share of domestic institutional investors was 10.21 per cent.
On Friday, Titan- A TATA Group company’s share price, showed a tremendous rise. Shares of Titan closed at Rs 3709.15 on Friday. The stock has gained 2.21% over the previous day. The share’s price reached Rs 3,725 during trading. Experts are bullish on this stock.
Share Target Price
Experts are bullish on this share of Tata Group. Brokerage ICICI Securities has set a target price of Rs 3810 on Titan’s shares and is advising investors to buy this share. Last January 30, 2024, the share’s price reached Rs 3,885. This price was a 52-week high for the stock.
Sumeet Bagadia, executive director of Choice Broking, said investors should consider buying the stock on a dip near ₹ 3,575. Also, Bagadia added that Titan could even reach ₹3900, assuming the technical analysis and current market conditions.
Quarterly Results
Titan Ltd reported a revenue of Rs 14,300 crore during the December quarter, which is 13.02% higher than the September quarter’s Rs 12,653.00 crore. It is also 22.24% higher than the same quarter last year. The company has earned a profit of Rs 1053.00 crore for the quarter.
Shareholding Pattern
The promoters’ share in the company was 52.9 per cent as of December 31, 2023. While the share of FIIs was 18.89 per cent and the share of domestic institutional investors was 10.21 per cent.
(Disclaimer: Only share performance is given here. Investing in the share market involves risk. Hence, it is essential to take expert advice and guidance regarding investment.)
