highlights
From investors to brokerage houses, trust in Titan continues to grow.
Brokerage firm CLSA raised the price target on Titan stock.
It is also estimated that the company’s business will grow 3.3 times over the next 5 years.
New Delhi. Tata group company Titan stock (Titan stock) continues to bring strong gains to investors. In the last three years alone, this stock has increased investors’ money by two-and-a-half times. In this favorite stock of Indian stock market bull Rakesh Jhunjhunwala, his wife Rekha Jhunjhunwala has also increased her stake. The confidence of investors and brokerage houses in this multibagger stock is growing. Brokerage firm CLSA has raised its target price on Titan shares on growth signals.
Including Lenskart’s recent capital raising, CLSA values Titan’s eye care business at $1.9 billion. The brokerage firm expects the company’s business to grow an estimated 3.3x over the next 5 years. Based on these signals, the target price of the share was increased. CLSA raised its new target price to 3150 while keeping a Buy rating on the stock. That said, brokers believe this stock can climb 22 percent from current levels in the coming period.
Also Read This – Multibagger Stock: Doubling in the Money in a Year, Still Bullish, Will You Invest in the Profitable Stock?
stock price history
On Wednesday, Titan stock closed at 2566 down about half a percent. If we look at the performance over the past year, investors are earning, but the gain is limited. This stock has gained 3 percent in one year, in 2023 so far this stock has done a stagnant business. That means it hasn’t increased or decreased much. The stock is down 2.49 percent over the past 6 months.
However, the stock has picked up steam over the past month, gaining 4.31 percent. On April 17, 2020, the price of Titan stock was 975 rupees. Today it has closed at Rs.2566. In this way, this stock has increased by two and a half times in three years. At the same time, this stock has gained 168 percent in five years.
(Disclaimer: The stocks mentioned here are based on the advice of the brokerage houses. If you are interested in investing in any of these stocks, consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen. )
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Keywords: Business News in Hindi, Multibagger Stocks, stock market, stock tips
FIRST RELEASED : April 19, 2023 at 9:41 p.m. CET
