On November 21, Titan’s stock reached a 52-week high of Rs 3,400, indicating a rise in the company’s market capitalization to Rs 3 lakh crore.
The stock increased 1.39 percent from the closing of the previous day to settle at Rs 3,392.2.
On March 28, 2019, Titan achieved its first market capitalization of Rs 1 lakh crore. After that, on October 7, 2021, the market capitalization crossed 2 lakh crore, and it took the stock 18 months to reach the next Rs 1 lakh crore market value. The corporation needed a little over two years to go from Rs 2 lakh crore to Rs 3 lakh crore.
Its market capitalization surpassed Rs 3 lakh crore, making it the seventeenth most valuable firm in India. The Tata Group-backed business is also the second most valued business in the group, behind TCS.
Among the most well-known stocks in the late, great bull Rakesh Jhunjhunwala’s portfolio was Titan. As of September 30, 2023, Rekha Jhunjhunwala, Rakesh Jhunhunwala’s wife, held 5.37 percent of the company’s shares, per the shareholding pattern. At the going rate of exchange, such position is worth well over Rs 16,000 crore.
Shares of Titan Group have increased 32.39 percent so far this year, outpacing the 8.7 percent gain of the benchmark Nifty 50 index.
Since we first launched in 1984 with just one product category, Titan has advanced significantly. With more than 8,000 workers, around 38,000 people in the Titan ecosystem as a whole, 16 brands, and more than 2,000 retail locations, the firm is still dedicated to providing sustainable and profitable growth for all of its stakeholders.
Titan is the top lifestyle brand in India and one of the most well-liked and esteemed corporations there. Thanks to its dependable brands and excellent customer service, it has taken the lead in the jewellery, watches, and eye care categories. With a strong grasp of consumer tastes, Titan has also branched out into wearables, Indian dress wear, fragrances, and fashion accessories. These lifestyle categories are where Titan is leading the way in distinction.
