Stock to buy: If you are looking for investment opportunities in Tata group shares, then you can keep an eye on Titan shares. Actually, MK Global is bullish on Tata Group’s company Titan and is advising to buy it. Let us tell you that Rakesh Jhunjhunwala, the Big Bull of the stock market, also has investments in Titan’s shares. However, he has now reduced some of his stake in Titan shares. As per the recent shareholding pattern, Rakesh Jhunjhunwala holds 3,53,10,395 shares or 3.98 per cent stake in Titan Company.
Share price will go up to Rs 2900
According to Emkay Global, Titan shares can be bought with a target price of Rs 2900. The current share price of Titan Company Limited is 2,461.50. According to Emkay Global, this stock can reach its target price in the next one year. That is, according to the current share price, investors can get a profit of 17.84% if they bet now.
Also read- This share reached Rs 80 from 36 paise, made Rs 1.11 crore to 50 thousand investors in a year
A marginal decline in standalone revenue is expected due to a 4% decline in jewelery and 12%/5% growth in watches/eyewear, the brokerage firm wrote in its note. Overall, the EBITDA margin should improve by 130bps on the back of a recap of inventory gains in a better Q4.
Also read- This share of Adani Group became a rocket, made ₹ 78 lakh of investors’ ₹ 1 lakh
What does the company do?
Titan Company Limited is a company in the gems and jewelery sector. The company is an Indian luxury products company that mainly manufactures fashion accessories such as jewellery, watches and eyewear. It is a large cap company. Its market cap is Rs 218706.12 crores.