Titan Industries is currently trading at Rs. 209.00, up by 3.05 points or 1.48 % from its previous closing of Rs. 205.95 on the BSE.
The scrip opened at its day’s high of Rs 205.95 and touched a low of Rs 205.25 respectively. So far 147284 shares were traded on the counter.
The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 238.25 on 14-Jun-2011 and a 52 week low of Rs 147.16 on 10-Feb-2011.
Last one week high and low of the scrip stood at Rs 218.50 and Rs 204.00 respectively. The current market cap of the company is Rs 18283.96 crore.
The promoters holding in the company stood at 53.38% while Institutions and Non-Institutions held 18.77% and 27.85% respectively.
ICRA has assigned an “A1+” rating for Titan Industries’ (TIL) Rs 2900 crore worth non fund based limits, enhanced from earlier of Rs 2400 crore. The credit rating agency has also assigned an outstanding rating of AA+ with a Positive Outlook for Rs 200 crore fund based limits and an A1+ rating for Rs 10 crore Commercial Paper programme of TIL. The ratings continue to reflect TIL’s established position as a leading player in the organised watches and jewellery segments, the strong performance of these operating segments in 2010-11 and HY 2011-12 and TIL’s high financial flexibility drawing from the strong profitability, high cash accruals and low debt levels.
The positive outlook reflects the expectation of a further improvement in TIL’s financial risk profile, given the robust long term prospects for both the watches and the jewellery divisions, driven by TIL’s current strong market position, expected continued growth in demand (albeit at a lower pace over the near term) and the increasing penetration of TIL into the unorganised watches and jewellery segments.
TIL’s strong parentage and the fundamental business strengths emerging from TIL’s high quality products, strong brand image, wide product range catering to various styles/price points and the strong distribution and service network, are factors which continue to support the rating.
| Company Name | CMP |
|---|---|
| Titan Co | 3409.15 |
| Kalyan Jewell.India | 401.50 |
| Rajesh Exports | 300.45 |
| Sagar Diamonds | 30.50 |
| Senco Gold | 838.35 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
