Motilal Oswal Positive On This Multibagger Tata Group Stock Grew, Recommends Buy For 18% Upside
Motilal Oswal has a positive outlook on Titan Company Ltd recommends " buy" for highlight: According a target price of Rs 2,910 per share.
to 18 % returns on investments if purchased stock at the current market price.
Titan Company is a large- cap Tata Group Company, primarily involved in the manufacturing and sale of jewelry, watches, eyewear and other accessories and products.
The stock last traded at Rs 2,482.85 per share on NSE. Its 52- week high level is Rs 2,791, which is recorded on 31 October 2022.
It has a market capitalisation of Rs 2,20,424 crore.
The stock in the past 1 week has fallen by 5 .07%, it has fallen, giving 6 .11 % and 4 .94 % negative returns, respectively.
Tanishq is performing extremely well. The management has deliberately taken a value focused approach, which is serving them well.
In Jewelry, apart from Tanishq ( core), there is a lot of excitement around Zoya ( their luxury brand) and brands like CaratLane and Mia at lower price points ( ~ INR 25,000).
TTAN remains an attractive investment case in the large cap Consumption space in India, with strong earnings growth visibility and compounding ~ 20% for an elongated period of time.
In the Jewelry industry, which is seeing a wave of formalization, TTAN is clearly at the vanguard among organized players in leading this growth.
Its runway for growth is long, with a market share of less than 10%.
The stock has been picked from the brokerage report of Motilal Oswal.
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By Shubham Kumar Goodreturns source: Dailyhunt