Titan’s share price has been having a great run at the bourses, shares of the Tata Group company have gone up over 7% in the past month.

The sentiment around the stock has been upbeat since the company reported its earnings for the quarter ended March. The company’s revenue from operations increased by 25% year-over-year to ₹8,753 crore in the March quarter. The company’s net profits rose by 50% to ₹734 crore, compared with the ₹491 crore it reported in the corresponding quarter of the previous year.

Moreover, Titan has announced a dividend of ₹10/share. The record date for the dividend payment is July 12. If the dividend payment is approved by the company’s shareholders at its annual general meeting (AGM) then the dividend will be paid within seven days from the date of the AGM (August 1, 2023).

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Following the positive results, analysts from Goldman Sachs, JP Morgan, and Macquarie all maintained positive ratings on the stock. Goldman Sachs maintained its ‘buy' rating on the stock with a price target of ₹3,175. JP Morgan also maintained its ‘overweight' rating for the stock with a price target of ₹3,000. Macquarie assigned the stock an ‘outperform' rating with a target price of ₹3,200.

Now, let’s explore how much you’d have today if you invested ₹10,000 in Titan one year ago.

If you had invested ₹10,000 in Titan on June 2, 2021, when the stock closed at ₹1,585.7, you would have been able to buy around six shares. Considering the current price level of ₹2,852, those shares would be worth around ₹17,112 today. This means a substantial return of approximately 71.12% on your initial investment over the course of a year.

Price Action: Titan’s shares jumped up 1.09% to close at ₹2,858 on Friday.

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