Share Market Tips: Sensex and Nifty touched new peak on Wednesday. Domestic stock markets rose for the seventh consecutive trading day. The Sensex closed above the 63,000 mark for the first time. In the last one month, the Sensex has jumped by three thousand points. If you want to take advantage of this fast market, then a stock of Tata Group can help you. We are talking about Titan (Multibagger Stock Titan).
Expert opinion on Titan’s stock
Total 30 experts are giving their opinion on this stock. Of these, six have advised to buy immediately and 16 have advised to buy. Whereas, 4 have said to hold and same number of analysts have said to sell the stock.
Titan target price
Brokerage house BNP Paribas Securities has a Hold rating on Titan with a target price of ₹2870. At the same time, Motilal Oswal Financial Services has given a buy opinion on Titan. The brokerage has given investors a target of Rs 3210 on the stock. Let us tell you that this stock is also included in the portfolio of veteran investor Rekha Jhunjhunwala.
Has given 230 percent return
Shares of Titan closed at Rs 2657.25, up 1.66 per cent on Wednesday. It has risen 2.32 percent in the last 5 days. Whereas, it has given a negative return of 3.55 per cent in the last one month. If we look at the performance of Titan in the last 6 months, it has given a return of around 21 per cent. Whereas, in the last 5 years, it has given a return of about 230 percent. The total market cap of the company is Rs 2.35 lakh crore. It made a 52-week high on October 31, 2022, which is Rs 2790.
Plan to open 600 new stores: The company has set a target of opening 600 new Tanishq stores in the next three years. By March 2022, Tanishq had 389 stores. Titan’s growth is strong. The PAT CAGR of the last three years has been 27 percent and the revenue CAGR has been 20 percent.
(Disclaimer: The information given here is only about the performance of the stock, it is not an investment advice. Whatever advice is given, they are of the brokerage house. Investing in share market is subject to risks and before investing, consult your advisor .)
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