Tuesday, January 3, 2023

TITAN shares: Purchase Titan Firm, goal value Rs 2655: ICICI Direct


ICICI Direct has purchase name on with a goal value of Rs 2655. The present market value of Titan Firm is Rs 2579.
., integrated within the yr 1984, is a Massive Cap firm (having a market cap of Rs 227783.73 Crore) working in Gems and Jewelry sector.

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

Financials

For the quarter ended 30-09-2022, the corporate reported a Consolidated Whole Earnings of Rs 9224.00 Crore, down -2.77 % from final quarter Whole Earnings of Rs 9487.00 Crore and up 22.20 % from final yr similar quarter Whole Earnings of Rs 7548.00 Crore. Firm reported web revenue after tax of Rs 835.00 Crore in newest quarter.

Funding Rationale
Shopping for demand rising from the 200 days EMA, thus gives beneficial danger reward setup.


Promoter/FII Holdings
Promoters held 52.9 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 16.77 per cent, DIIs 11.53 per cent.

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