Brokerage on Titan: If you are looking for strong and solid shares and are planning to buy here, you can invest money in this strong stock of Tata Group (Titan).
Macquarie boosts confidence
Brokerage company Macquarie has maintained an outperforming rating on the shares of Tata Group. The brokerage company has set a target price of Rs 3350 for buying here. The company says investors can include the stock in their marquee list.
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Why buy Titan stock
Brokerage firm Macquarie says investors will benefit if they buy the stock. Looking at the demand power outlook, higher returns are expected. At the same time, the effect of the outlook on diamond and gold prices is also seen in the share price.
How many shares in Rakesh Jhunjhunwala’s portfolio?
According to the December quarterly shareholding pattern, the Rakesh Jhunjhunwala family now owns 5.1 per cent stake in Titan Company. Whereas in the September quarter, it had 4.9 percent shares. He now owns 45,250,970 shares of the company in his portfolio, up from 43,300,970 shares in the September quarter. In this sense, he added another 19.50 lakh shares to the portfolio. At present, the shares of the company included in its portfolio are valued at Rs 10,672.7 crore. This is the highest in terms of price. It is followed by Star Health and Allied Insurance Company with a market cap of Rs 6,292.6 crore.
(Disclaimer: Investment advice here is provided by a brokerage house / expert. This is not a G-Business opinion. Consult your advisor before investing.)