New Delhi: Rakesh Jhunjhunwala Portfolio shares are carefully adopted by inventory market contributors, as investments made by the ace investor had made spectacular positive factors previously few years.
One such inventory that has remained in Rakesh Jhunjhunwala Portfolio is Titan Company Ltd. According to most international brokerage corporations, the inventory’s value might quickly enhance within the coming weeks after the corporate posted spectacular returns within the quarter ending December 2021.
According to Titan Company’s shareholding sample for the December quarter, Rakesh Jhunjhunwala owned greater than a 5 per cent stake within the Tata Group agency. Jhunjhunwala owned 3,57,10,395 shares or a 4.02 per cent stake within the quarter ended December 2021. On the opposite hand, his spouse, Rekha Jhunjhunwala, held 95,40,575 shares or a 1.07 per cent stake within the agency.
Titan Company, which sells jewellery and watches, had reported a 91 per cent leap in consolidated web revenue at Rs 1,012 crore for the quarter ended December 2021. The robust gross sales had been pushed by robust demand throughout its shopper companies. Titan’s consolidated web revenue had stood at Rs 530 crore in the identical interval final fiscal.
Brokerages bullish on Titan
According to international funding financial institution Macquarie, the Titan inventory value might enhance to Rs 3350, an upside of about 30%. The financial institution has an ‘Overweight’ score on the inventory. Meanwhile, HSBC has additionally maintained a ‘purchase’ score on Titan Company, with a goal value of Rs 3050, an upside of over 23%. Also Read: LIC policyholders alert! Insurer revises annuity charges of two insurance policies, this is easy methods to examine new charges
Also, Jefferies has maintained a ‘maintain’ score however raised its goal value to Rs 2600 from Rs 2300 earlier, anticipating an upside of practically 5% from Rs 2479 recorded on 3 February. Meanwhile, Morgan Stanley has revised the goal value to Rs 2720, an upside of practically 10 per cent from Rs 2479 recorded on 3 February. Also Read: Indian Railways cancels greater than 442 trains, examine the total checklist right here