Titan up 12 percent this month
Many broking firms have suggested investing in stocks with high targets. If the advice is to be believed, even after this uptrend, the stock can rise by more than 30 percent from here.
The favorite stock of veteran investor Rakesh Jhunjhunwala has been witnessing a steady rise for some time now. This stock is Titan (Titan) which has seen an increase of about 9 percent during the last one week itself. Rakesh ,Rakesh Jhunjhunwala) and Rekha Jhunjhunwala’s investment has increased by Rs 1100 crore in the last 11 days. It is expected to increase further as many broking firms have sold the stock (stock trading) is advised to invest with lofty goals. If the advice is to be believed, even after this uptrend, the stock can increase by more than 30 percent from here.
How much did the stock rise
Titan’s stock closed at the level of 2188 with a gain of about 3 percent on Friday, during the trading the stock had reached near the level of 2200. On June 30, the stock was at 1942 levels. That is, in the month of June, the stock has seen an increase of 12.66 percent. The stock’s one-year low is 1662. During the same year, the stock has also reached the highest level of 2800. Rakesh Jhunjhunwala holds 3.98 percent stake in the company, while his wife Rekha Jhunjhunwala holds 1.07 percent. Both have about 4.5 crore shares in the company. That is, on June 30, the value of his investment was about Rs 8739 crore, which has now increased to Rs 9846 crore. That is, in July, their investment value has increased by about Rs 11 hundred crore.
There is an estimate of up to 30 percent increase in the stock ahead
Many brokerage houses have given investment advice in Titan’s stock. According to the research report of 7 July, Sharekhan can reach the level of 2900 with an increase. That is, it is estimated to increase by more than 30 percent from the current levels. On the other hand, Emkay Global Financial has given investment advice in the stock with a target of 2530. According to Prabhudas Lilladher, the stock can reach the level of 2520.
(Investment advice given here is based on broking firm’s advice, check them at your own level before making investment decision)