This article is going to look up the Titan share price. Now the titan share price has gained about 2%. So now in this article, we are going to suggest that you should buy these stocks, sell them, or hold them. We have shared all the brokerage views in this article. Looking at the brokerage views is very important as it shows you the insights of the company and also provides some more information. Titan is a Tata owner’s jewelry and watchmaker. Titan is one of the most luxurious brands in India. On Friday last week, it was reported that 9.7 Year on Year has been raised in the net consolidates profit which is at Rs. 916 crores in the September 2023 quarter of FY23-24. It is completely better than the Street expectations as it is led by the margins beat. The CLSA has officially upgraded the recommendation of the company to purchase.
According to the reports, the Titan company share price has been officially opened with an aging of approximately 2% on the Bombay Stock Exchange on 6th November 2023, Monday. Reports have shown that this was not expected at all. It is better than expected as per the performance of September 2023 which is led by margins beat. On Friday last week, 9.7 Year on Year was the net consolidated profit which was at Rs. 916 crore in the September 2023 quarter of FY23-24. Continue reading to know more.
According to the source, there was a 21.2% rise in the net profit of Titan from Rs. 756 crore as it was reported in the April to June quarter of FY24. The company consolidated the total income as it increased by 37.17% to Rs. 12,653 in the September 2023 quarter of FY24 as it was against rs. 9,224 crore in Quarter 2 FY22-23. It is expected for the better performance of CLSA which has been upgraded by the recommendation on Titan to buy.
According to the CLSA, The company has seen a net profit of 8% which is higher than the estimates of 19.1 jewelry growth. Also, the Titan watches have seen a strong 32% in Year on Year growth. The margins have been set lower YoY as it has now done better than it was expected. The sources have suggested buying Titan shares today. Currently, the company is looking for expansion into the fresh big markets, luxury, and overseas where the CLSA is expecting to increase the addressable market.