The Shares of Titan Company Limited have delivered 67,850% in twenty years, as the share price has risen from Rs 3.67 in December 2002 to the current level of Rs 2,609 on the NSE.
If an investor would have invested Rs 1 lakh in the company in November 2002, the total value of their holdings would be Rs 6.79 Crores today. The shares reached an all-time high of Rs 2,79 in November this year. At that point, the total value of Rs 1 lakh would have been 7.21 Crore as the shares logged a return of 72,027%.
Titan Company Limited, part of the Tata group, is an Indian company that mainly manufactures fashion accessories such as jewellery, watches, and eyewear. It stands as the largest branded jewellery maker in India.
In Q2FY23, the company reported a total revenue jumped 22 per cent to Rs 9,163 crore from Rs 7,493 crore in the same period a year ago. In the previous quarter, their revenue stood at Rs 9,443 crore. In the quarter under review, they reported a total net profit of Rs 835 Crore which increased 30 per cent from Rs 641 crore in Q2FY22. On a sequential basis, their earnings grew 6 per cent from Rs 790 crore.
The company has a market capitalization of Rs 232,196 crores and a dividend yield of 0.29%. In addition to that, it also has low debt on its balance sheet. The company’s promoters hold a 52.9 per cent stake with zero shares pledged. Foreign Institutional Investors (FIIs) hold 17.04 per cent. Life Insurance Corporation Of India (LIC) also holds a 3.26 per cent stake in the company.
Written by Anoushka Roy
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