Titan Q1 Results:
On Friday, Tata Group's Titan Company Limited declared its June quarter results for this financial year.
Titan Company Limited's net profit jumped 13 times to Rs 793 crore during the April-June quarter.
Let us tell you that in the same quarter last year, this Tata Group company had a profit of Rs 61 crore.
The company's total quarterly income increased by 199% to Rs 8,649 crore as against Rs 2,890 crore in the same quarter last year.
Titan's jewelry business reported an income of Rs 7,600 crore in the June quarter, up from Rs 2,467 crore a year ago.
In 2003, Rakesh Jhunjhunwala invested in Titan Company, making him the Big Bull of the stock market.
In 2003, Jhunjhunwala bought six crore shares at a price of Rs 3. Titan remains his favorite stock even today.
This stock has given returns with a CAGR of 35% in the last 20 years. Jhunjhunwala holds a 3.98 percent stake in Titan.
Shares of Titan Company Ltd closed at Rs 2,428.00 with a gain of Rs 4.35 (0.18 percent) on Friday.
Titan Company Ltd Share Details
Mkt cap: 2.17LCr 52-wk high: 2,768.00 52-wk low: 1,763.20 P/E ratio: 99.20 Div yield: 0.31%