Home Precious Stones Titan Firm shares: Purchase Titan Firm, goal worth Rs 2755: ICICI Direct

Titan Firm shares: Purchase Titan Firm, goal worth Rs 2755: ICICI Direct

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Titan Firm shares: Purchase Titan Firm, goal worth Rs 2755: ICICI Direct

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ICICI Direct has purchase name on with a goal worth of Rs 2755. The present market worth of Titan Firm is Rs 2654.5.

Titan Firm Ltd., integrated within the 12 months 1984, is a Massive Cap firm (having a market cap of Rs 235751.61 Crore) working in Gems and Jewelry sector.

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

Financials

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

Funding Rationale
Shopping for demand rising from the 20 days EMA and the current breakout space


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

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