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Tata Group Titan Stock Return: If you are going to invest in the stock market on the day of Diwali, then this news can prove to be of your use. Let us tell you that those who have invested in Tata Group’s shares have made tremendous profits. In the long run, a share of the Tata Group has made its investors millionaires. This share belongs to the jewelery company Titan. If an investor had invested in Titan’s stock on Diwali 22 years ago, he would have made a profit of more than 1 lakh percent on this Diwali. That is, if someone had invested 1 lakh rupees, then today he would have got a profit of 10 crores.
titan share price
Let us tell you that if you look at the share price history of Titan, in the year 2000, on 27 October on the NSE, the share price of Titan was only Rs 2.56. This Diwali, on October 21, Titan’s shares reached Rs 2,670.65. That is, the share of Titan has jumped 104196.88 percent in 22 years. Looking at the amount, if an investor had invested 22 years ago Diwali On the occasion of Titan, if he had invested Rs 1 lakh in the stock, it would have been Rs 10.44 crore as on date.
Return of last 5 years
The stock has gained 352.61 percent in the last 5 years. Titan’s shares have climbed 12.25 percent in 1 year. At the same time, Titan’s shares have given a return of 5.82 percent in YTD this year. In the last 6 months, this stock has climbed up to 8.83 percent. This stock has gained 2.20 percent in the last 5 trading days.
View overall performance
The Tata group company says that its overall sales have grown by 18% year-on-year in the September 2022 quarter. Also, in the second quarter of the current financial year, the company has added 105 stores to its retail network. Titan, which operates in the jewellery, watches and wearables and eyecare segments, said in its quarterly update that most of its business has seen healthy double-digit growth. Overall sales have grown by 18% on a yearly basis. The growth of the same Watches and Wearables division has been 20 percent year-on-year. This division has achieved the highest quarterly revenue. The company has added 7 new stores of Titan World, 14 stores of Helios and 2 new stores of Fastrack.
Disclaimer: The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. From ABPLive.com it is never advised to invest any money here.
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