Home Precious Stones Titan shares: Purchase Titan Firm, goal worth Rs 2790: ICICI Direct

Titan shares: Purchase Titan Firm, goal worth Rs 2790: ICICI Direct

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Titan shares: Purchase Titan Firm, goal worth Rs 2790: ICICI Direct

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ICICI Direct has purchase name on with a goal worth of Rs 2790. The present market worth of . is Rs 2679.6.

Titan Firm Ltd., integrated within the yr 1984, is a Giant Cap firm (having a market cap of Rs 237935.57 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 30-06-2022, 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 yr similar quarter Complete Earnings of Rs 3519.00 Crore. Firm reported web revenue after tax of Rs 790.00 Crore in newest quarter.

Funding Rationale
Falling channel breakout containing final one month breather and RSI 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.

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