Titan Share Price, the ‘priceless jewel’ of the share market; Rakesh Jhunjhunwala’s fortunes have changed, he is still making huge earnings – titan stock price tata group stock given multibagger return 1 lakh investment turns into 7 crores
Today we are going to tell you about one such reliable and tremendous return stock. Shares of Tata group company Titan have given tremendous returns to its investors over the long term. People have a lot of faith in Tata companies and this company has lived up to the trust. Titan Company has given a return of Rs 10 crore on an investment of Rs 1 lakh in 20 years. There are very few stocks in the stock market that offer such huge returns to investors with safety.
Titan Share Performance
The stock of Titan Company closed down 0.38 percent at Rs 2977 on Friday and the stock has returned 77193 percent to its loyal investors in the last 22 years. If someone had invested even Rs 1 lakh in this stock 21 years ago and maintained the investment till now, he would have got a return of over Rs 7.71 crore on investment. 20 years ago, Titan share price was around Rs 3, now its 52-week high is over Rs 3200.
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Short-term investors are also rich
Meanwhile, this stock has not only pleased long-term investors but the late investor Rakesh Jhunjhunwala’s favorite stock has not disappointed short-term investors either. The stock has returned around 28% in the last one year and domestic brokerages are bullish on the company’s shares.
Meanwhile, Titan will be expanding its jewelery brand Tanishq and the company’s annual report said that 18 more international stores of Tanishq will be opened. Because of this, brokers have predicted the possibility of further increase in its shares.
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Titan Share New Target Price (Target Price)
The company’s stock is currently trading below Rs 3200 and Motilal Oswal Securities has recommended a buy on it with a target price of Rs 3325. The company also recently announced strong quarterly results in which the company reported a 20% revenue growth. Titan’s quarterly results showed growth in every segment, from the company’s watches to its perfume and jewelery divisions.
(Note : Stocks mentioned here are for informational purpose only. Consult a certified investment advisor first if you want to invest. Maharashtra Times Online will not be responsible for your profit or loss.)
