Titan Company Ltd (NSE: TITAN): There’s good news for investors in Tata Group. A local brokerage firm has boosted Titan Company Ltd’s short-term price target to 4,710 rupees.
The share price was 3,697.50 rupees a decrease of 1.20 % on BSE. Investors can earn more than 1000 rupees on each share.
A brokerage has suggested investors purchase shares at the present price on the market. It said that the long-term model of this stock has become bullish.
According to the brokerage firm, the company’s stock can go up to Rs 4,350 in the short term and Rs 5,425 in a year. This is about 46% more than the current price of this stock. This way, investors could earn more than 1800 rupees.
The brokerage firm said in a report that the improvement in the price structure and the visible accumulation phase are early signs of the bottoming process.
The stock is now making higher highs and lower lows on the short- long- and mid-term charts. This indicates the resumption of the uptrend.
The stock is approaching the crucial zone of 3700 and a bullish breakout is expected. It has given an average return of 21% in three months, 33% in six months, and 50% in 12 months.
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The Stake Held By An Investor
An investor holds around 95.4 lakh shares of Titan. This is equivalent to just a little more than one percent equity shareholding.
Titan Company Ltd’s share has gained 18.7% in the last year. The stock was 3.11 % higher at 3,721.40 rupees on the BSE on Thursday.
But, on Friday Titan Company Ltd is also declining amid a huge fall in the stock market. During trading, it fell to Rs 3665.00. Its 52-week high is Rs 3,885 and its lowest level is Rs 3,059.00.
Quick Fact
| Company name | Titan Company |
|---|---|
| Possible short-term target price | ₹4,710 |
| Current share price | ₹3,697.50 |
| Possible short-term price rise | ₹4,350 |
| Possible one-year price rise | ₹5,425 |
| Maximum possible gain in 1 year | 46% |
| Average return in 3 months | 21% |
| Average return in 6 months | 33% |
| Average return in 12 months | 50% |
| Investor shareholding | 95.4 lakh shares |
| Investor shareholding % | Just over 1% |
| Recent one-year gain | 18.7% |
| Lowest price on Friday | ₹3,665 |
| Crucial price zone | ₹3,700 |
| Market trend | Bullish breakout expected |
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