Titan Company Limited up by 10.69% - Traders Corners | Espresso

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Espresso shot of the day – Titan Company Ltd up by 10.69 percent

October 07, 2021
Espresso shot of the day – Titan Company Ltd up by 10.69 percent

TITAN COMPANY LTD. 2376.20 (+10.69 %) BSE – INE280A01028 | 7TH OCTOBER 2021

Titan Company Limited (Titan), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), commenced its operations in 1984 under the name Titan Watches Limited. Titan is the fifth largest integrated own brand watch manufacturer in the world. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories. Titan is widely known for transforming the watch and jewelry industry in India and for shaping India's retail market by pioneering experiential retail.

Recent Drivers

  • On Oct 7, 2021, Titan became the second Tata Group firm to touch Rs 2 trillion market capitalisation with the stock hitting a record high.
  • On Aug 5, 2021, India’s largest watch retailer Titan tied up with online marketplace Flipkart to retail an exclusive range of Sonata watches on the platform.
  • On Aug 5, 2021, Titan reported quarterly net profit of Rs 20 crores in June 2021, up 106.87% from Rs 291 crores in June 2020.
  • On Aug 5, 2021, Titan reported net sales of Rs 3,473 crores in June 2021, up 75.49% from Rs 1,979 crores in June 2020.
(Sources: Moneycontrol, Livemint, Business Standard)


Technical Force*

  • S&P BSE Sensex month till date gain up by 0.93%
  • Traded on all-time-high value: 2383.35
  • 3 months avg. NSE volume: 12,95,048
  • Quantity traded: 2,59,438 | Deliverable quantity: 61,728 (23.79%)
  • Stock price has jumped more than 100% from one-year-low level: 1,154 (Nov 2, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 2383.35 | 52-week-low: 1,154

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2704.22

2138.03

1852.77

1286.33

1001.12

434.73

149.47

    -

Fibonacci Pivot

2138.03

1812.70

1611.47

1482.26

1286.33

1090.50

961.05

760.06

434.73


Today’s Close

2376.20

SMA

BSE

10 DAY

2165.28

20 DAY

2122.41

50 DAY

1963.47

200 DAY

1659.66


Some Key Ratios (Source: BSE)

Market Cap: 2,10,995.75 crores

PE: 174.66

OPM%: 6.43

ROE%: 15.99

Promoters holding%: 52.9

Prev. Close: 2,146.8

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.