Titan Share Price Today: “Right decision at the right time” can change everything in the world of stock market. Today, a similar story is in discussion, that of Titan Company, which gave a profit of about ₹ 400 crore to the Jhunjhunwala family in a single day.
The name of veteran investor Rakesh Jhunjhunwala is an example in the market, and now the family members who are carrying on his legacy are also showing the same wisdom in the world of investment. Titan has strengthened the portfolio of this family, the effect of which is clearly visible.
Also Read This: Market emerged from the fall: Sensex and Nifty took the lead, know what the future signals are.
How did this multibagger stock become? (Titan Share Price Today)
Titan Company Ltd. is a major company of the Tata Group, which works in the field of watches, jewellery, glasses and fashion accessories.
Jhunjhunwala family holds 5.20% stake in Titan, i.e. 4,57,93,470 (4.57 crore) shares. The current holding value of these shares is estimated to be approximately ₹ 16,670.20 crore.
On Thursday, Titan shares closed at ₹ 3,636, up 2.45%. Due to this increase, the value of Jhunjhunwala family’s stake increased by about ₹ 400 crore.
Also Read This: IPO storm in food industry! Wave of ₹9,000 crore, entry of everyone from Milky Mist to Haldiram is ready
Will the stock still head higher? (Titan Share Price Today)
Role of quarterly report
The financial results for the quarter ending September 30 will be released in the first week of November. The company has already indicated that consumer business has grown by 20% year-on-year, while international business has seen a significant jump of 86%.
Risks and Challenges (Titan Share Price Today)
If the quarterly results are not as expected, the stock may slow down. Challenges like rising raw material costs, global economic uncertainty and reduced consumer demand can also pose risks to the company.
Short-term investors are being advised to remain cautious amid these fluctuations.
When a stock like Titan can give a profit of ₹400 crore in a day, it is clear that opportunities lie deep in the stock market. The investment strategy of the Jhunjhunwala family has made this stock a multibagger, but now everyone’s eyes are on how far this journey will go.
