No ghat with Tata! This share of the company will make you rich; Invest like this
On the day Titan announced its second quarter earnings, the company’s stock traded on the BSE at Rs. It was just two rupees away from hitting a 52-week high of 2,790. Titan Company remains dominant in the Gems and Jewelery sector. Not only this, Titan’s stock has registered impressive gains in the market over the past five years. Meanwhile, going forward investors in Titan can be even happier as the stock will hit new highs and likely reach Rs. It is said to be predicted to go above 3,2000.
Financial results of the company
Talking about Titan company’s September 2022 quarterly results, the company has made a net profit of Rs 857 crore during this period. Titan’s profit rose 33.7 percent compared to the September quarter last year. Titan had posted a net profit of Rs 641 crore in the July-September quarter last year. Titan’s revenue rose 22% to Rs 8,730 crore in the July-September 2022 quarter. Whereas last year the revenue in the same quarter was Rs 7170 crore. Interestingly, the revenue of the jewelery business has increased by 18%.
Google, Amazon and Facebook… a single company weighs in on all three, with a market-cap greater than the GDP of many countries.
Last week, on Friday, shares of Titan rose by Rs 5.05, or 0.18%, to Rs. It closed at 2768.30. With this, the market cap of the company has increased to nearly Rs 2.46 lakh crore.
Rooftop earnings of investors! Do you have assets to invest in these shares?
Company share price history
The stock has gained 8.37% YTD so far this year. Titan’s stock has returned 249.72% over the past five years. During this period, the share rose from Rs 832 to Rs 2,735. Its maximum return is 63,951.52 percent, which means that those who invested in this stock 22 years ago have made a profit of crores of rupees so far.
Late Rakesh Jhunjhunwala, who is referred to as the ‘Warren Buffet of India’, was one of the leading investors in Titan shares. His wife Rekha Jhunjhunwala also invests in this stock. So, this Tata stock is the biggest earner in the Jhunjhunwala portfolio.
