Information About Titan Stock Price:

Titan is the fifth largest watch manufacturer brand and the most significant consumer company of TATA in the world. The company has been successful with both of its leading brands - Tanishq (jewelry) and Fastrack (watch, eyewear, and other accessories.). Along with it, the Titan Eye+ brand that deals in frames, lenses and contact lenses is also doing well.

History:

The company began its operations in 1984 under the name Titan Watches Limited. However, the company's name was changed to Titan Industries Ltd. in September 1993. Titan entered into the jewelry segment with Tanishq, which has been a renowned jewelry brand since its establishment in 1994. The company launched Fastrack in 1998 that snowballed into an independent youth brand in 2005. Titan continued the expansion of its product portfolio by entering the fragrance market with SKINN. The third major venture of consumer business by Titan Company is Titan Eye+ that was launched in 2007. In 2014, Titan and Montblanc Services B.V. Netherlands forayed into a joint venture to start operations in India to single brand retail trade.

Management of the Company:

Bhaskar Bhat - MD

An alumnus of Indian Institute of Ahmedabad (IIM), Bhaskar Bhat is the Managing Director (MD) of the company since April 2002. He has the majority of experience in the Sales and Marketing, HR, and International Business department. He joined Tata Watch Project since 1983 which is now the Titan Company Ltd. Bhaskar holds a B.Tech (Mechanical Engineering) degree from IIT - Madras.

S Ravi Kant- Chief Executive Officer - Watches & Accessories & EVP Corporate Communications

Ravi joined Titan in 1988 as head of Direct Marketing and since then has taken up several roles in various departments ranging from export and retail. In addition to being the CEO and Executive Vice President of the Watch and Accessories business, Ravi also looks after the Corporate Communications of the Company. He was heading the Middle East and Africa operations of Titan International (ME) as the Managing Director till 2005 where he looked after the services for jewelry, fragrances, and watches. Ravi established the Titan Eye+ brand and is the CEO for the same.

Titan Company Limited Listing and Indices:

The stocks of Titan Company Ltd. can be bought and sold on the two major stock exchanges in the country - National Stock Exchange and Bombay Stock Exchange. The codes for the same are mentioned below.

  1. BSE - 500114
  2. NSE - TITAN
  3. ISIN - INE280A01028
  4. Sector - Miscellaneous

As for the stock market indices, Titan Company Pvt. Ltd. is a part of NIFTY 50, Nifty 100, Nifty 200, Nifty 500, Nifty Next 50, S&P BSE 100, S&P BSE 200, S&P BSE 500.

Titan Company's Wealth and Recent Performance:

The profit before tax of the company saw a growth of 22.1% at Rs. 423 crores, for the Q3 FY18 ending December 2017. Income from sales grew 6.1% during the same period and revenue for the nine month period increased by 23.3%.

High demand for jewelry and watches during the Diwali and Dussehra season helped the company yield a stronger quarter. The steady expansion of the watch segment has been favorable for the company's profit.

Meanwhile, the jewelry segment grew 15% and was the most significant revenue contributor. The removal of jewelry business from the purview of PMLA (Prevention of Money Laundering Act) helped Titan report a strong quarter. On the other hand, a drop down in the GST rates for watches from 28% to 18% resulted in a growth of 4.7% for this segment.

Titan also continued the expansion of their stores. As of December 31, 2017, there are a total of 1,439 retail stores.

Stock Trends of Titan in 2018:

The opening price of the stock on January 1, 2018, in NSE, was around Rs.900, and it kept increasing owing to steady growth in Q3 FY2017. By the end of January 2018, the stock price was close to Rs.880. Meanwhile, the stock price on BSE during the same period was around Rs.860 and didn't change much by the end of the month.

In the first week of February, the stock price fell close to Rs.760 and stayed in the range of Rs.820 by the end of the month.

Should I invest in Titan Company?

Regarding performance, the stock price has been consistently increasing at a decent pace over the years. The company has been recording profits in most of the quarters that has resulted in a growing price of the share. A sharp reduction in the GST rates for making jewelry has been helpful for Tanishq to gain regarding quarterly profits.

Titan has been a pioneer in the watch industry for decades in terms of quality and brand name. The company also banks on the rich goodwill of the Tata Group.

Investing in the company may be a good idea considering the consistent growth in the profits and an attractive product portfolio.

Indexes and Exchages

Bombay Stock Exchange (BSE)

The BSE or the Bombay Stock Exchange is Asia's oldest and first stock exchange. It is located in Mumbai, erstwhile Bombay, and it was formally established in 1875. An influential stockbroker and a businessman, Premchand Roychand, along with a handful of acquaintances, started the BSE journey in 1855. The BSE had its meetings under Banyan trees in its initial days. The group grew and eventually moved to a permanent place in 1874. BSE’s office is very appropriately named ‘Dalal Street’ which translated to Broker Street in Hindi. BSE operated as a floor trading exchange for a long time before ascending the digital ladder in 1995. They implemented an automated trading platform which had a capacity of 8 million per day. BSE went global in 2012, by joining the United Nations Sustainable Stock Exchange as a partner. Subsequently, in 2016, BSE established the first international exchange of India, called INX.

National Stock Exchange (NSE)

With an aim to induce transparency to the Indian capital market, the Indian Government implored a group of leading financial institutions for an effective solution. Accordingly, these financial institutions, along with the Government's support, established the first demutualized electronic exchange of India in 1992, known as the NSE. Since its inception, the NSE functioned on a totally automated screen-based digital trading system, which offered a great platform to connect the investor base of the entire country and offer them an easy trading facility. NSE was India's first electronic exchange and currently offers services pertaining to several segments, such as equity derivatives, clearing and settlement services in equity, trading, debt and currency derivatives, etc.

NIFTY Index

The NIFTY is National Stock Exchange of India's benchmark broad-based stock market index for the country's equity market. It lists 50 selected Indian companies across 12 sectors that own the largest and most liquid Indian securities. Hence, it is popularly called NIFTY 50. The Nifty index represents the weighted average of the stock value of those 50 companies. The India Index Services and Products or IISL, a company which is focused on an index as a core product, owns and manages the Nifty. Through one efficient portfolio, the Nifty exposes investment managers to the current status of the Indian market and helps in determining promising investment opportunities.

SENSEX Index

Similar to NSE's Nifty 50, BSE also has a stock market index known as Sensex. The word comes from the words 'Sensitive' and 'Index,' and is basically a portmanteau of the two. BSE 30 and S&P BSE SENSEX are two other names of this index. Sensex constitutes the top 30 financially flourishing and well-established companies from the ones listed on BSE. These companies typically represent diverse industrial sectors of the country's economy to ensure a holistic calculation. Usually, these are the companies that have the largest and most actively traded stocks. SENSEX is broadly reported through both print and electronic media in national as well as international markets. The scientifically designed indexing system is based on globally accepted construction and review methodologies. It is being calculated on the basis of a free-float market capitalization methodology since September 2003.