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Sell Titan Company, target Rs 1,120: CK Narayan

Sell Titan Company Ltd. at a price target of Rs 1120.0 and a stoploss at Rs 1160 from entry point.|
Updated: Nov 22, 2019, 09.38 AM IST
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CK Narayan of Chart Advise has a sell call on Titan Company Ltd. with a target price of Rs 1120.0 . The current market price of Titan Company Ltd. is Rs 1137.0 Time period given by analyst is Intra Day when Titan Company Ltd. price can reach defined target. CK Narayan recommended to keep stoploss at Rs 1160. Titan Company Ltd., incorporated in 1984, has a market cap of Rs 101935.61 crore.

Titan Company Ltd. key Products/Revenue Segments include Jewellery which contributed Rs 15845.68 Crore to Sales Value (83.09 % of Total Sales), Watches which contributed Rs 2381.51 Crore to Sales Value (12.48 % of Total Sales), Eyewear which contributed Rs 510.06 Crore to Sales Value (2.67 % of Total Sales), Others which contributed Rs 137.30 Crore to Sales Value (0.71 % of Total Sales), Precious & Semi Precious Stones which contributed Rs 84.59 Crore to Sales Value (0.44 % of Total Sales), Other Operating Revenue which contributed Rs 48.62 Crore to Sales Value (0.25 % of Total Sales), Gold which contributed Rs 47.03 Crore to Sales Value (0.24 % of Total Sales), Other Services which contributed Rs 10.79 Crore to Sales Value (0.05 % of Total Sales), Scrap which contributed Rs 4.39 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 5095.10 Crore, up 5.63 % from last quarter Sales of Rs 4823.49 Crore and up 15.63 % from last year same quarter Sales of Rs 4406.57 Crore Company has reported net profit after tax of Rs 364.66 Crore in latest quarter. The company’s top management includes Dr.Mohanasankar Sivapraksam, Mr.Ashwani Puri, Mr.B Santhanam, Mr.Bhaskar Bhat, Mr.N Muruganandam, Mr.N N Tata, Mr.Pradyumna Vyas, Mr.V Arun Roy, Mrs.Hema Ravichandar, Mrs.Ireena Vittal. Company has B S R & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 887,786,160 shares outstanding.

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