Hello friends, if you’re considering investing in any share today the 9th of September 2023, I’m going to tell you about a share from the Tata Group that experts have a bullish outlook on. Currently, many experts have different opinions, but the good news is that everyone is advising to buy shares. So, now let’s learn about this share.
Tata Stock News: Friends, I’m talking about the company Titan, which is a part of the Tata Group and has a history of providing multi-bagger returns in the stock market. On Friday, Titan’s share closed at ₹3199.10 with a gain of 0.83%. I would also like to inform you that on July 7, 2023, Titan’s share reached ₹3211.10, which is the all-time high price for this share. Titan is now planning to expand its business overseas.
Currently, the company’s managing director has announced plans to open 9 new stores in Gujarat. According to him, by the end of this financial year, the number of stores will increase to 28. Additionally, due to the increasing demand for jewelry in foreign markets, especially in the United States, they are planning to open Tanishq stores there.
Now, speaking of Titan’s share price target, Motilal Oswal, a domestic brokerage firm, has set a target of ₹3570 for Titan. They also advise to buy the stocks.
Titan Share Fundamentals
| Market Cap | ₹2,84,011 Crore |
| PE Ratio (TTM) | 85.57 |
| PB Ratio | 22.24 |
| ROE | 31.20% |
| ROCE | 28.49% |
| EPS (TTM) | ₹37.39 |
| Face Value | ₹1 |
| Book Value | ₹143.85 |
| Div. Yield | 0.31% |
| Promoter Holding | 52.90% |
| Sales Growth | 40.65% |
| Profit Growth | 52.89% |
On Friday, the Titan Company Ltd’s share closed at ₹3199.10 with a gain of 0.83%, and during this time, the share’s high price was ₹3205, and the low price was ₹3172.80. Furthermore, in the past year, the share has given a return of 22.88%, and its 52-week high is ₹3210, while the low is ₹2269.60.
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