ICICI Direct has purchase name on with a goal value of Rs 2511. The present market value of Titan Firm is Rs 2503.7. Time interval given by analyst is Intra Day when Titan Firm value can attain outlined goal. ICICI Direct really useful to maintain cease loss at Rs 2463.7.

Titan Firm, integrated within the 12 months 1984, is a Giant Cap firm (having a market cap of Rs 222239.51 Crore) working in Gems and Jewelry sector.

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

Financials

For the quarter ended 30-09-2022, the corporate has 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 12 months identical quarter Whole Earnings of Rs 7548.00 Crore. Firm has reported internet revenue after tax of Rs 835.00 Crore in newest quarter.

The corporate’s prime administration consists of Mr.S Krishnan, Mr.Bhaskar Bhat, Mr.Sandeep Singhal, Ms.Sindhu Gangadharan, Dr.Mohanasankar Sivapraksam, Mr.Pradyumna Vyas, Mr.B Santhanam, Mr.Ashwani Puri, Mr.C Ok Venkataraman, Mr.N N Tata, Ms.Jayashree Muralidharan. Firm has B S R & Co. LLP as its auditors. As on 30-09-2022, the corporate has a complete of 89 Crore shares excellent.

Funding Rationale
Value taking assist at 200 day EMA and 80% retracement of earlier up transfer has remained resilient throughout final week decline.

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.