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Date : December 16, 2011
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Best Buy :TITAN INDUSTRIES LIMITED
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Price Info :-
| CMP (Rs.) |
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| 52 Week High (Rs.) |
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| 52 Week Low (Rs.) |
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| Market Cap (Rs In Cr) |
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| Dividend (FY 11) |
125% |
| Face Value |
Rs.1 |
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About The Company:- |
The Time Products division is where the Titan story began. Today Titan Industries stands among the world’s largest retail networks and earned the company the place of fifth largest integrated watch manufacturer in the world. With over 5934 employees spread over 3 business units in Bangalore, India, a manufacturing unit at Hosur and 3 assembly plants located in the north of India, the division continues to add world-class brands to the company’s portfolio. The brand Titan enjoys a 60% market share in the organised watch market in India. The time product division also markets some well-known international brands such as Tommy Hilfiger and FCUK under a licensed agreement, giving the new generation of customers an access to premium brands with their well-equipped retail chain.
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| Key Factor Expansion: |
JEWELLERY BUSINESS-Tanishq is a trustworthy, popular jewellery brand from India’s largest integrated jewellery manufacturer. Tanishq Titan’s flagship line of jewellery is today a resounding success with discerning customers. Tanishq has performed exceedingly well and has set standards, in what could best be described as a largely unorganised and unscrupulous jewellery market. Tanishq is India's fastest growing jewellery brand with a premium range of jewellery, studded with diamonds or coloured gems in 18-karat gold, 22-karat pure gold and platinum jewellery. We are now one of India's largest speciality retailers and are transforming India’s jewellery market with a pan - India presence. Titan felt a need and created a means to offer elegant gold jewellery to smaller towns and rural markets. The recent launch of a retail initiative - Goldplus caters to the need.Now,in new creation of Zoya creations are world-class in terms of quality and have been crafted in India and abroad. It boasts the finest quality in India and is on par with the best in the world. Zoya is a best-in-class shopping experience. Stores offer exquisite, artistically styled masterpieces, studded in diamonds, apart from traditional, fusion polki and kundan jewelry. There are magnificent designs to choose from, all in ultra-premium luxury, these outlets showcase luxury unsurpassed.
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| Financial & Valuation: |
The Company has posted a net profit of Rs.148.25 cr.for the quarter ended September 30, 2011 as compared to Rs.127.77cr.for the quarter ended September 30, 2010. Total Income has increased from Rs.1544.12cr.for the quarter ended September 30,2010 to Rs.2116.48cr.for the quarter ended September 30,2011.Sales Turnover Increased from Rs.2096.5 cr.for the quarter ended September 30,2010 to Rs.1252.82 cr.for the quarter ended September 30,2011.
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Our Recommendation:
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We therefore maintain our “BUY” call on the stock with a target price of Rs.200 level for TITANINDUSTRIES LTD., from medium term perspective. AND FOR LONG TERM INVESTMENT IS DIAMOND.
Thanks and Regards,
Mideast Team
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