The Portfolio of Rahul Gandhi: In ten years, this Tata Group company generated a return of more than 1,300%!
TATA Company's impressive performance in the third quarter of FY24, investors continue to be enamored with the Tata-owned shares. Notably, as of December 31, 2023, Rekha Jhunjhunwala held a 5.37 percent share in the Tata Group company.
Ankush Pandey
INTRO
- The largest exposure to Pidilite Industries, according to Gandhi's affidavit, was Rs 42.27 lakh.
- Notably, as of December 31, 2023, Rekha Jhunjhunwala held 5.37 percent ownership in the Tata Group company.
- Over the past ten years, the multi-bagger stock has produced a return of more than 1,300%.
With all eyes on the Lok Sabha elections in 2024, the major parties are starting to prepare for the big fight. But since he disclosed that he owned 25 stocks and that his portfolio was worth over Rs 4.30 crore, Rahul Gandhi's holdings have drawn a lot of attention.
The maximum exposure to Pidilite Industries was reported in Gandhi's affidavit to be Rs 42.27 lakh. Nonetheless, Rahul Gandhi also owns Titan shares, which are valued at Rs 32.58 lakh, from the Tata Group.
Investors continue to be enamored with the Tata-owned shares following the business's impressive performance in the third quarter of FY24. As of December 31, 2023, Rekha Jhunjhunwala notably owned 5.37 percent of the Tata Group company.
Titan Company Limited's shares closed Thursday's trading session 1.98 percent higher at Rs 3,786.50 on the BSE. Over the past 10 years, the multi-bagger stock has produced a return of more than 1,300%. It has increased by more than 18% over the past six months and has recovered by more than 49% from its 52-week low of Rs 2,545.
Titan Q3 Financial Results
Compared to Rs 951 crore in the December 2022 quarter, the company's third-quarter standalone net profit increased by 9.4% to Rs 1,040 crore. In comparison to the Rs 11,383 crore profit from the December 2022 quarter, standalone overall income increased by 24% to Rs 14,122 crore in the most recent quarter.
Long race of growth?
The Tata Group company has a target price of Rs 4,300, based on 65x FY26 EPS, and Motilal Oswal has maintained its 'BUY' rating.
According to the report, Titan Company (Titan) has been outperforming other branded players because of its stronger competitive posture. Tanishq will continue to have a significant competitive advantage in the market because of its excellent brand memory and robust business moat.
It will be essential to monitor the margin outlook as the competition heats up. In the medium run, the non-jewellery industry is also doing strongly and will support growth, it continued.
Titan: About the business
Operating under the name Titan Watches Limited, Titan Company Limited was established in 1984 as a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO). It is the world's fifth-largest integrated producer of own-brand watches.
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