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Titan Company’s stocks corrected 24% since February
Majority of the company’s revenues are contributed by its jewellery unit
By: Diamond World News Service
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Aug 31 2015 5:02PM
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Reference: 11860  

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The stocks of Titan Company have corrected 24 percent since the last peak in February, reports say. As per reports, the prevailing price of the company’s stocks are at around Rs.341, and at these levels the trading of the stocks was around 33 times its estimated earnings for 2015-16. Within the span of the last three years, the stock traded within the PE band of 25-43 times, reports add.

Much of the company’s revenues, almost to the tune of 75-80 percent is contributed by its jewellery unit, as per reports. Titan Company features amongst the leading names in the branded jewellery segment. With the increase in consumer demand for branded jewellery and a more favorable environment with a fall in consumer price inflation, better and stable regulatory environment for the sector, has strong hopes for an investor in Titan Company stocks. Titan’s 2014-15 sales were up 9 percent, while profits jumped 11 percent.

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