Titan Company is an eminent player in the Indian market, renowned for its stronghold in the watch, jewelry, and eyewear segments. With a rich history of over 30 years, the brand has successfully positioned itself as a reliable name synonymous with quality and inventive designs.
However, the question that remains is whether the company’s success is reflected in its share price target. Is Titan Company a good auto stock to buy? This article explores the potential share price targets for Titan Company from 2023 to 2030.
Additionally, we will also delve into Titan’s plans to introduce a collection of high-end, fashionable and progressive smart wearables, beginning the new year with the unveiling of the Titan Talk S.
Stock history of Titan Company
Titan Company’s stock history has been quite impressive over the years. In the early days, the company faced numerous challenges, but it steadily grew to become a major player in the Indian market. In 1987, Titan’s IPO was oversubscribed by 10 times, indicating strong investor confidence in the brand. Since then, the company has gone from strength to strength.
Between 2000 and 2010, Titan’s stock price experienced several fluctuations. However, the company’s innovative products and expansion strategies helped it maintain a steady upward trajectory in the long term.
Over the last decade, Titan’s stock price has continued to rise, and it has become one of the most valuable companies in the Indian market. In 2019, the company’s market capitalization crossed INR 1 trillion, a testament to its growing success.
As of February 2023, Titan’s stock is trading at around INR 2,527 per share, making it one of the most sought-after stocks in the market. With the company’s plans to introduce new products and expand its presence in international markets, the future looks bright for Titan Company’s stock.
Latest news about Titan Company
➤ Titan (NSE: TITAN) is hosting Kenneth Cole New York’s Automatic Fest.
➤ Titan is gearing up to introduce a collection of high-end, fashionable and progressive smart wearables, beginning the new year with the unveiling of the Titan Talk S.
How to buy Titan Company shares?
You can buy Titan Company shares from the following trading platforms:
Share Price Prediction of Titan Company: 2023 to 2030
Share Price Target 2023 of Titan Company
|When||Maximum Price||Minimum Price|
The table above showcases Titan Company’s share price predictions for 2023. The data indicates a mix of bullish and uptrend signals, as the stock price is projected to hit a maximum price of ₹3,390.34 in December 2023, while the minimum price is expected to be ₹1,336.39 in May 2023. This data suggests a growth percentage of 75.02% between the minimum and maximum predicted prices.
Overall, the predicted share price trend for Titan Company in 2023 is positive, indicating that the company’s strategies and performance may continue to improve in the coming years. Investors may find this data useful in making informed investment decisions in the stock market.
Share Price Target 2024 of Titan Company
|When||Maximum Price||Minimum Price|
According to the data, the company’s stock price is expected to continue its positive trajectory, with a maximum price of ₹4,746.63 and a minimum price of ₹2,459.74. The data suggests a growth percentage of 92.95% between the minimum and maximum predicted prices. The maximum price is expected in December 2024, while the minimum price is projected in May 2024.
In conclusion, the data suggests that Titan Company may continue to progress in terms of its performance and strategies, resulting in an upward trend in share prices in the year 2024.
Share Price Target 2025 of Titan Company
|When||Maximum Price||Minimum Price|
Based on the table provided, it is projected that Titan Company’s share price will continue to rise in the year 2025. The maximum share price target is expected in December 2025 at ₹5,757.74, while the minimum share price target is expected in May 2025 at ₹3,341.16.
The data indicates that the growth percentage between the minimum and maximum predicted prices is approximately 72.12%. This suggests that Titan Company may continue its bullish trend, with a positive trajectory expected for the stock.
Titan Company Share Price Prediction 2026-2030
|Year||Maximum Price||Minimum Price|
The next few years seem to be quite volatile for the Titan Company stock as per the data provided. The company has predicted to have its maximum share price at ₹4,030.42 and the minimum share price at ₹2,821.29 in 2026.
The year 2027 also doesn’t seem to have much growth potential as the maximum share price is predicted to be ₹3,425.85 and the minimum price is ₹2,398.10. However, 2028 is expected to have a bullish uptrend with a maximum share price of ₹6,166.54 and the minimum price of ₹4,316.58.
The next two years, 2029 and 2030, have even more potential with the maximum share price predicted to be ₹12,667.02 and ₹14,106.46 respectively, and the minimum share price being ₹8,866.91 and ₹9,874.52.
Therefore, it can be concluded that Titan Company stock might not have consistent growth in the next few years, but the company has the potential to perform exceptionally well in the long run.
Financial Condition of Titan Company: Last 5 years
|Profit before tax||1,529.78||1,956.89||2,102.00||1,327.00||2,904.00|
|Price to earning||74.03||72.20||55.23||142.16||103.62|
Titan Company has seen consistent growth in terms of revenue and profits over the last five years as indicated by the profit and loss statement. The company’s sales have seen a phenomenal growth from ₹16,119.77 crores in FY18 to ₹28,799 crores in FY22. During the same period, the company’s operating profit has also increased from ₹1,644.20 crores to ₹3,344 crores.
The company has maintained a consistent increase in net profit, which rose from ₹1,130.09 crores in FY18 to ₹2,173 crores in FY22. The earnings per share (EPS) also reflect an impressive growth trajectory.
The maximum EPS during this period was ₹24.48 and the minimum was ₹10.96. The company’s price to earnings ratio (P/E ratio) has been volatile but with a strong growth trend, with the maximum being 142.16 and the minimum being 55.23.
Titan Company’s dividend payout percentage has also seen a growth trend with a maximum of 36.59% in FY21. The company’s OPM (operating profit margin) has seen a positive trend from 10.20% in FY18 to 11.61% in FY22.
Overall, the company’s financial statement indicates a strong growth trajectory with consistent growth in revenue, profit, and dividend payouts.
Titan Company share price target by Experts
Titan Company share price target by ICICI Direct
ICICI Direct is optimistic about Titan Company, suggesting that it is a good buy with an expected target price of Rs 3030.
Titan Company share price target by Motilal Oswal
Motilal Oswal is optimistic about Titan Company and has suggested a purchase rating on the shares, setting a target price of Rs 2910.
Will the share price of Titan Company increase in 2023?
Yes, it can be predicted that Titan Company per share price will increase to ₹3,390.34 by the end of 2023.
Can Titan Company reach 3000 INR in 2023?
Yes, Titan Company can reach 3000 INR in 2023. The maximum it could reach is Rs. 3,390 by December 2023.
Write the share price target 2025 of Titan Company.
The share price target of Titan Company for 2025 might be around ₹5,757.74.
Write the share price target 2030 of Titan Company.
The per share price of Titan Company might reach around ₹14,106 by the end of 2030.
- Lupin Share Price Target 2023 to 2030: Can Lupin touch 1000 INR in 2023?
- Maximizing Your Returns: The Benefits of Dollar-Cost Averaging
- TVS Motor Share Price Target 2023 to 2030: Can TVSMOTOR reach 5000INR?
In conclusion, Titan Company has shown significant growth in revenue and profit over the last five years, which is a positive sign for investors. The PAT and EPS have also shown a steady increase over the years, indicating that the company is on a solid financial footing. Based on the projected share price targets for 2023 to 2030, it is a good time to invest in Titan Company shares, considering the company’s upcoming collection of high-end, fashionable and progressive smart wearables. However, investors must always do their own research and analysis before making any investment decisions. With the company’s consistent growth and future plans for innovation, Titan Company is a stock that is worth considering for long-term investment.
Hello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.