Buy Titan Company, target price Rs 2950: Sharekhan by BNP Paribas

Sharekhan by BNP Paribas has buy call on Titan Company with a target price of Rs 2950.The current market price of Titan Company is Rs 2745.

Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 243928.13 Crore) operating in Gems and Jewellery sector.

Titan Company key Products/Revenue Segments include Jewellery, Watches, Precious & Semi Precious Stones, Eyewear, Others, Other Operating Revenue, Scrap, Other Services for the year ending 31-Mar-2022.

For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 10474.00 Crore, down -10.46 % from last quarter Total Income of Rs 11698.00 Crore and up 33.05 % from last year same quarter Total Income of Rs 7872.00 Crore. Company has reported net profit after tax of Rs 736.00 Crore in latest quarter.

The company’s top management includes 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 K Venkataraman, Mr.N N Tata, Ms.Jayashree Muralidharan. Company has B S R & Co. LLP as its auditors. As on 31-03-2023, the company has a total of 89 Crore shares outstanding.


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