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Experts seem to be bullish on shares of Tata Group company Titan. Last Friday, the stock rose 1 percent to Rs. 3205.30. At the end of trading, the share price was Rs. was 3199.35. This represents an increase of 0.85% from a day earlier. Let us tell you that on July 7, Titan’s share was at 3211.10 rupees. The stock also has a 52-week high.
What the experts say: Local brokerage Motilal Oswale Tata’s target price for the stock is Rs. 3570 has been fixed. Along with this, the stock has been given a buy rating which means it is advised to buy.
Focus on Gujarat: Titan Company Limited Managing Director CK Venkataraman said that Titan is planning to open 9 stores of its jewelery brand Tanishka in Gujarat in the coming months. With this, the number of its stores in the state will increase to 28 by the end of the current financial year. He said that these new stores will be opened in Ahmedabad, Gandhinagar, Surat, Bhuj, Valsad and some cities in Saurashtra region.
The plan for overseas is: Titan is planning to expand its jewelery brand Tanishq’s presence in the overseas market by opening stores in several countries including the US and Australia in the near future. CK Venkataraman said that Tanishk plans to open new stores in the US, Canada, Britain, Australia, Singapore and Gulf countries like the United Arab Emirates (UAE) and Qatar.
Venkataraman said that Tanishk stores will be opened in Dallas, Houston and Chicago in the US in the coming months. He said that the demand for Tanishk jewelery in foreign markets is increasing due to NRIs and people of Indian origin living abroad.