If You Invested ₹10,000 In Titan When Titan Eye+ Was Launched, Here's How Much You'd Have Today

Titan‘s shares crashed around 7% on Monday morning after brokerages expressed some concerns about the company’s Jewellery business going forward. However, many analysts still remain upbeat on the stock, which is one of the biggest wealth creators in the Indian stock market. One of the company’s other segments apart from the flagship Jeweller brands is eyewear. So, if you had invested in the stock when the brand Titan Eye+, here’s what would have happened.

The Investment: If you invested ₹10,000 in Titan in March 2007 — when the Titan Eye+ was launched — you would have received around 250 shares of the company, as the stock traded at around ₹40. Today those 40 shares would be worth around ₹1.31 lakh.

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Titan Q4 Earnings: In the March quarter, the Tata Group company reported a net profit of ₹771 crore, a modest 4.7% increase from the ₹731 crore reported in the corresponding period last year. Revenue rose by 27% to ₹11,229 crore from ₹9,215 crore in the same quarter last year, in line with consensus estimates of around ₹11,100 crore.

Here is how major brokerages reacted to the company results:

BrokerageRatingNew Price Target (₹)
JP MorganOverweight3,950
Goldman SachsBuy4,075
EmkayBuy4,150
Kotak SecuritiesAdd3,600
NuvamaHold3,867
JefferiesHold3,500
HDFC SecuritiesSell2,750

Price Action: Titan’s share price was down 7.01% to trade at ₹3,286.15 in the afternoon hours of trading on Monday.

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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

Note: The Titan share price data has been sourced from Yahoo Finance and is adjusted for stock splits/bonuses and dividends.

This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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