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 Co. has observed diminished returns or a decrease in stock price when juxtaposed with its market counterparts. This could potentially be attributed to market conditions or distinctive factors pertinent to the company.
- In the first quarter, Titan reported a 2% year-on-year decline in net profit, reaching Rs 777 crore, falling short of estimates.
- Following the Q1 results, Titan’s share price experiences a 3% decline the next day; although experts offer positive feedback, there are also noteworthy concerns.
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
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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 ₹3,057.34 in December 2023, while the minimum price is expected to be ₹2,930.00 in August 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
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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
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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
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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
- Sales Growth: The company’s sales have displayed a consistent upward trend over the last five years, with an impressive surge from Rs. 19,779 crore in Mar 2019 to Rs. 43,029 crore in the trailing twelve months (TTM) ending Mar 2023. This reflects the company’s ability to expand its revenue base substantially.
- Profitability: The operating profit has fluctuated, experiencing a dip from Rs. 2,463 crore in Mar 2020 to Rs. 1,725 crore in Mar 2021, followed by a significant recovery to Rs. 4,882 crore in Mar 2023. The operating profit margin (OPM %) has generally remained within a range of 8% to 12%, indicating a reasonable balance between revenue and expenses.
- Other Income: The company’s other income has varied over the years, with a notable spike of Rs. 306 crore in the TTM ending Mar 2023. This could stem from diverse non-operational sources contributing to the company’s overall earnings.
- Profit Before Tax: The profit before tax demonstrated a notable upswing, rising from Rs. 1,957 crore in Mar 2019 to Rs. 4,447 crore in the TTM ending Mar 2023. This points toward improved profitability before accounting for taxes
- Net Profit and EPS: The net profit has seen substantial growth, escalating from Rs. 1,389 crore in Mar 2019 to Rs. 3,240 crore in the TTM ending Mar 2023. This has translated into a parallel rise in earnings per share (EPS), indicating improved profitability per share.
- Dividend Payout: The dividend payout percentage has varied across the years, reflecting the company’s stance on distributing profits to shareholders.
In conclusion, the company has showcased commendable growth in sales, profitability, and EPS over the last five years. The consistent upward trends in various financial metrics underscore the company’s positive performance. However, investors should remain vigilant about the fluctuations in profitability and the company’s dividend distribution strategy to make informed investment decisions.
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.
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Points To Keep In Note While Investing In Titan Company Shares:
– The company has demonstrated impressive profit growth, achieving a CAGR of 23.9% over the last five years.
– A healthy dividend payout of 31.6% has been consistently maintained by the company.
– The stock is valued at 21.9 times its book value, indicating its market price relative to its asset value.
– There is a possibility that the company is utilizing its interest costs for strategic purposes.
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.