Titan Company Share Price is in Downtrend Now ?
About : TITAN
Titan Company Limited is an Indian consumer goods company. It is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation. It commenced operations in 1984 under the name Titan Watches Limited. Titan is primarily involved in manufacturing and sale of Watches, Jewellery, Eyewear and other accessories and products.
Titan Company is in the Miscellaneous sector. The current market capitalisation stands at Rs 114,582.12 crore. The company management includes N N Tata – Vice Chairman, Bhaskar Bhat – Managing Director, Ramesh Chand Meena – Director, T K Balaji – Director, Hema Ravichandar – Director, Ireena Vittal – Director, Harish Bhat – Director, Ashwani Puri – Director, B Santhanam – Director, Arun Roy – Additional Director, N Muruganandam – Chairman & Director, Pradyumna Ramesh Chandra Vyas – Independent Director. It is listed on the BSE with a BSE Code of 500114 and the NSE with an NSE Code of TITAN. Its Registered office is at 3, Sipcot Industrial Complex, , Hosur,Tamil Nadu – 635126. Their Registrars are TSR Darashaw Consultants Pvt. Ltd.
Though company is outstanding in in its peer comparison with RoCE : 24.84%, RoA : 17.38% & RoE : 24.53 however, Price to Earning Ratio for the Stock is 81.58 whereas Industry PE stands at 27.55. In other words, the Price is high with respect to the earning on the total shares of the company. On the other hand, Company has reported a Net Profit of 354 Cr for the Quarter ended in Mar’19 vs Net Profit of 413 Cr in Quarter ended in Dec’19.
Next Move on – TITAN Company Share Price
Short Term or Medium Term Traders can look for this opportunity. Because stock of Titan Company made a long losing streak on Thursday 4 July’19 with above than average volume. Also, other Indicators on Daily chart like Relative Strength Index & Moving Average Convergence Divergence shows a negative sentiment in the market for the stock. RSI of the stock is above neutral zone and facing downward can lead to few more Bearish Sessions. Subsequently, Stock is moving below 21 Day Moving Average. If stock shows respect to the Fibonacci Retracement , it can go down by another 3% from current price level.
Current Price : 1290
Target Price 1 : 1270
Target Price 2 : 1250
Stop Loss : 1309
View on Last Trading Tips
I close my CALL ON DMART with more than 6% Profit & AUROPHARMA with 20% Profit. I maintain my SELL CALLS on PC JEWELLER with 5.7% Profit & AXIS BANK with No Profit yet, however, I believe it will go down pretty soon and should touch the target.
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Note: Above mentioned Stock Tips are based on Technical or Fundamental Analysis. However, Stock market is always volatile and risk is always inclusive in the investment. Author is not liable for any losses.