Tuesday, September 13, 2022

Titan Firm shares: Purchase Titan Firm, goal value Rs 2770: ICICI Direct


ICICI Direct has purchase name on with a goal value of Rs 2770. The present market value of Titan Firm is Rs 2661.45.

Titan Firm Ltd., included within the 12 months 1984, is a Giant Cap firm (having a market cap of Rs 235352.11 Crore) working in Gems and Jewelry sector.

Titan Firm Ltd. key Merchandise/Income Segments embody Jewelry, Watches, Treasured & Semi Treasured Stones, Eyewear, Others, Different Working Income, Scrap, Different Providers for the 12 months ending 31-Mar-2022.

Smart Talk

Financials

For the quarter ended 30-06-2022, the corporate reported a Consolidated Whole Earnings of Rs 9487.00 Crore, up 20.52 % from final quarter Whole Earnings of Rs 7872.00 Crore and up 169.59 % from final 12 months identical quarter Whole Earnings of Rs 3519.00 Crore. Firm reported internet revenue after tax of Rs 790.00 Crore in newest quarter.

Funding Rationale
Breakout above a bullish flag like formation and MACD in purchase mode


Promoter/FII Holdings
Promoters held 52.9 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 16.77 per cent, DIIs 11.26 per cent.

(Disclaimer: Suggestions given on this part or any studies hooked up herein are authored by an exterior occasion. Views expressed are that of the respective authors/entities. These don’t signify the views of Financial Occasions (ET). ET doesn’t assure, vouch for, endorse any of its contents and hereby disclaims all warranties, specific or implied, regarding the identical. Please seek the advice of your monetary adviser and search unbiased recommendation.



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