Titan’s stock gave 11 times great returns in 10 years, made 11 lakhs for 1 lakh


Tata Group Multibagger Stock : Tata Group’s heavyweight stock Titan Company has seen a lot of momentum today. Today this stock has strengthened by about 2 percent and has reached Rs 2723. The price of Rs 2768 for this stock has been the highest in 1 year. It has strengthened by about 9 percent in 1 month.

Rakesh Jhunjhunwala’s favorite share
Let us tell you that this was the most favorite stock of Rakesh Jhunjhunwala, who was a veteran investor of the stock market. Titan’s stock proves to be a multibagger for investors in the long term. There is a possibility that this stock will strengthen further. Also brokerage houses are giving investment advice in this.

11 times return in 10 years
The shares of Titan Company have had great returns in the long term. This stock has gained almost 11 times in 10 years. The stock has given excellent returns of around 1000 per cent. 10 years ago on September 14, 2012, the share price was Rs 240, which has now reached close to 2720. In this sense, if someone had invested Rs 1 lakh in shares then it would have become Rs 11 lakh today.

50% up in 2.5 months
The stock of Titan Company has climbed about 9 percent in the last 1 month. Whereas on July 1, 2022, the stock was Rs 1827 at year’s low. In less than 2.5 months, it has gained 49 per cent since July.

Overweight rating intact
Let us tell you that brokerage house JP Morgan has retained the rating of Overweight on Titan Company. The target price per share is given at Rs 2800. On the other hand, brokerage house ICICI Direct has also set a target of Rs 2770 while advising investment. Brokerage house Motilal Oswal had given a target of Rs 2900 for the stock in its recent report.

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. Anyone from ABPLive.com Also investing money is never advised here.)

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