TITAN INDUSTRIES LIMITED : Founded in 1984, based in Bengaluru, India. A JV between Tata Group & Tamil Nadu Industrial Development Corporation (TIDCO). It manufactures & retail sale of watches, jewelry, clocks,eye wear primarily in India & world wide. Titan Industries recently stated that it is seeing strong jewellery sales despite government measures to discourage consumption of gold in country. The company gets around 83% of its total net sales from jewellery, which they expect to grow by over 15% on year in April June and over 25% in 2013-14. Stock is At Rs.232.05, stock trades at a PE of 21.17 x FY15E which is less in compares with sector average of around 27.5 x. Titan can post Earnings per share (EPS) of Rs. 10.96 for FY15E. - Read more - tinyurl/prwr34q
Posted on: Wed, 03 Jul 2013 06:03:18 +0000
© 2015