highlights
Titan shares closed lower on Friday.
The brokerage firm is confident that there will be further growth here.
The company’s quarterly results encouraged investors.
New Delhi. The stock market is a place where almost every adult has the hope and desire to make money. Anyone can change their luck by investing money here. One of the main reasons for this is that today it is not that complicated to invest money in the exchange or open a demat account in the market. Once you have completed all the paperwork, you can be ready to trade in minutes. Because of this, more and more new investors are pouring into the market looking for good stocks. Today we are going to tell you about such a reliable and hugely profitable stock. Shares in the Tata group company Titan (Titan Stock Price) have provided tremendous returns for their investors over the long term.
As a Tata Group company, people have a lot of trust and this company has lived up to that trust. It has converted an investment of 1 lakh rupees into 10 crore rupees within 20 years. There are very few stocks that are certain to offer their investors such high returns. Let’s look at some statistics related to this.
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performance in numbers
The current price of this stock is around 2977 rupees. On Friday it closed down 0.38 percent. Over the past 21 years, the company’s shares have returned investors in BSE by 77193 percent. If someone had invested even Rs. 1 lakh in this stock 21 years ago and maintained that investment up to now, their amount would have grown to over Rs. 7.71 crore. While the price of this stock was around 3 rupees 20 years ago, today its 52-week high is over 3200 rupees.
Even short-term investors are rich
It’s not like this stock is only for long-term investors. A favorite of the late investor Rakesh Jhunjhunwala, this stock hasn’t disappointed even short-term investors. Over the past year, this stock has returned about 28 percent. Stockbrokers are bullish on the company’s shares. Titan will expand its jewelry brand Tanishq. The company’s annual report states that 18 more international stores will be opened by Tanishq. Because of this, brokers indicate the possibility of further growth in their stocks.
What’s the new goal?
Now the stock is trading just under 3000. Motilal Oswal Securities has issued a buy rating with a target price of Rs 3325. This trust also boasts strong quarterly results from a one-crore company. The company achieved sales growth of 20 percent in the first quarter of the current financial year. According to quarterly results, growth was seen in everything from the company’s watch division to perfume and jewelry divisions.
(Disclaimer: The stocks mentioned here are for informational purposes only. If you are interested in investing in any of these stocks, please consult a certified investment adviser first. News18 accepts no responsibility for your gain or loss of any kind.)
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Tags: business news, Business News in Hindi, earn money, stock market, Tata
FIRST RELEASED : July 23, 2023 at 9:40 am IST
